Healthcare Merger HCCOU = 1C, 1/2W

​Done TLMD 

Edgar Filings

New York, NY, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Healthcare Merger Corp. (the “Company”) announced today that it priced its upsized initial public offering of 22,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday, December 13, 2019, under the ticker symbol “HCCOU”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade.  Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “HCCO” and “HCCOW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to capitalize on the management team’s differentiated ability to source, acquire and manage a business in the healthcare industry. The Company is sponsored in part by MTS Health Partners, LP and is led by Chief Executive Officer Steven J. Shulman, President Charles J. Ditkoff and Chief Financial Officer Dennis M. Conroy.

Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.