DTRT Health Acquisition registered to offer 20 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant, with whole warrants exercisable for a share at $11.50.
The new SPAC plans to target the healthcare industry, specifically home and community based healthcare services.
DTRT is led by CEC and Executive Chairman Mark Heaney, who spent 31 years at Addus HomeCare serving as COO for 23 years, and CEO and chairman for eight years.
Cantor is sole book-runner for the offering. The underwriters have a 45-day option from the date of this prospectus to purchase up to 3,000,000 additional units to cover over-allotments, if any.
DTRT inteds to apply for a listing on the Nasdaq under DTRTU. Read more.