Healthcare SPAC Edoc announced late Nov. 9 that it priced its IPO of 9,000,000 units at $10 each. The units are expected to start trading today on the Nasdaq under “ADOCU.” The initial filing last week was for a $100 million IPO.
Each unit consists of one Class A ordinary share, one right and one redeemable warrant to purchase one-half of one Class A ordinary share. Each right entitles the holder to receive one-tenth of one Class A ordinary share upon completion of a merger, and each warrant entitles the holder to purchase one-half of one Class A ordinary share at a price of $11.50 per share.
I-Bankers Securities, Inc. is acting as the sole book-running manager of the offering. Read more.
