Healthwell Acquisition I Prices $250M IPO

IPO

Healthwell Acquisition I priced its IPO of 25 Million units at $10 each.

Units begin listing on the Nasdaq today under HWELU. Each consists of one share and one-half of one redeemable warrant to acquire one share of stock at an exercise price of $11.50. Once the units begin separate trading, stock and warrants are expected to list under HWEL and HWELW.

Jefferies is sole book-running manager. The underwriter has an over-allotment option to purchase up to 3.75 million additional units.

The offering is expected to close Aug. 5.

The new SPAC has said it will pursue technology-enabled companies across the healthcare industry. Read more.

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