HH&L Acquisition today priced its IPO of 36 million units at a price of $10 each, representing an upsize of 20 percent from the 30 million units originally anticipated.
Units begin trading today on the NYSE under HHLA.U. Each consists of one Class A ordinary share and one-half of a redeemable warrant. Whole warrants entitle the holder to purchase one Class A ordinary share at a price of $11.50.
Once the securities comprising the units begin separate trading, shares and warrants will list under HHLA and HHLA WS, respectively.
The new SPAC is focused on the healthcare sector in Asia and is led by Chairman Kenneth Hitchner, whose 28-year career at Goldman Sachs included CEO of of Goldman Sachs in Asia Pacific Ex-Japan. Read more.
