Vital Human Capital in an amended S-1 filing today lowered its proposed IPO to 15 million units, down from the 25 million units initially registered in April. A unit will still consist of one share of common stock and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
The SPAC is sponsored by ShiftPixy Investments.
The new blank-check company in the filing said, “We intend to focus on private companies distressed by the economic downturn caused by the COVID-19 pandemic that provide staffing solutions to clients in the healthcare sector in North America.”
The SPAC is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
The SPAC said it has applied for a listing on the NYSE under VITU. Read more.