Alpha Healthcare Acquisition III priced its IPO of 15 million units at $10 each.
Units begin trading today on the Nasdaq under ALPAU. Each consists of one share and one-fourth of one redeemable warrant, each whole warrant exercisable at $11.50. Once the securities begin separate trading, shares and warrants are expected to list under ALPA and ALPAW.
The SPAC intends to focus on companies in the healthcare industry in the United States.
Alpha Healthcare is led by Chairman and CEO Rajiv Shukla, and CFO Patrick Sturgeon.
BofA Securities, Inc. and PJT Partners LP are joint book-running managers for the offering. The underwriters have an over-allotment option to purchase up to an additional 2.25 million units, Read more.
