Healthcare SPAC NorthView Acquisition Files for $180M IPO

IPO

Northview Acquisition registerred with the SEC to offer 18 million units at $10 each. A unit consists of one share of common stock and one-half of one redeemable warrant, with whole warrants exercisable at $11.50.

I-Bankers Securities is sole book-running manager for the offering. The underwriters have a 30-day option to purchase up to an additional 2.7 million units to cover over-allotments, if any.

The SPAC expects to target small-cap healthcare companies that are developing assets in the biopharmaceutical, medical technology/medical device and diagnostics space.

Northview is led by Co-Founder, Director and CEO Jack Stover, who was previously president and CEO of Interpace Biosciences.

The SPAC intends to apply for a Nasdaq listing but has not yet selected a ticker symbol.

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