Compute Health Acquisition, a new SPAC formed by Intel Chairman Omar Ishrak, priced its IPO of 75 million units at $10 each.
Units begin trading today on the NYSE under the ticker symbol CPUH.U.
Each unit consists of one share of Class A common stock and one-quarter of one redeemable warrant. A whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share.
Once the securities comprising the units begin separate trading, shares and redeemable warrants will list on the NYSE under CPUH and CPUH WS, respectively. The offering is expected to close Feb. 9.
The SPAC will focus on acquiring a company at the intersection of computation and healthcare. Ishrak previously ran medical device giant Medtronic. Read more.
