Future Health ESG registered today to offer 20 million units at $10 each. Units consist of one share and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC in the filing said it will target companies engaged in smart health technology and are enabling innovative solutions that support the transformation to value-based, precision healthcare.
Future Health ESG is ledd by Chairman and CEO Bradley A. Bostic. He was a co-founder and director of Novus Capital, which combined with agtech company AppHarvest. Bostic is chairman and CEO of hc1.com, which he founded in 2011.
Cantor Fitzgerald is sole book-runner for the offering. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any.
The SPAC intends to apply for a listing on the Nasdaq under FHLTU. Read more.
