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SCP & CO Healthcare Acquisition Company (NASDAQ: SHACU) announced that starting March 15, 2021, holders of its initial public offering units can separately trade shares of Class A common stock and warrants. The separated shares will trade under the symbols SHAC and SHACW on the Nasdaq Capital Market, while units will continue trading as SHACU. No fractional warrants will be issued, and investors must contact their brokers for the separation process. The company focuses on acquiring businesses in the healthcare technology sector.
SCP & CO Healthcare Acquisition Company (NASDAQ: SHACU) has successfully closed its upsized initial public offering, raising $230 million by offering 23 million units at $10.00 each. This includes 3 million units from the underwriters' over-allotment option. The proceeds are earmarked for a business combination within the healthcare technology sector. Trading of the units commenced on January 22, 2021, with Class A shares and warrants expected to list separately under SHAC and SHACW on Nasdaq.
SCP & CO Healthcare Acquisition Company announced the pricing of its upsized initial public offering (IPO) of 20 million units at $10.00 per unit. Trading is set to begin on Nasdaq under the symbol SHACU on January 22, 2021. Each unit consists of one share of Class A common stock and one-half of a redeemable warrant, which allows the purchase of one share at $11.50. The company, led by CEO Scott N. Feuer, will focus on potential business combinations in the healthcare technology sector.