DTRT Health Acquisition priced its IPO of 20 million units at $10 each.
Units begin listing today on the Nasdaq under DTRTU. Each consists of one share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 for a share. When the securities begin separate trading, shares and warrants are expected to list under DTRT and DTRTW.
DTRT is focused on home and community based healthcare services.
Cantor is sole bookrunner, and Odeon is lead manager for the offering. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any. The offering is expected to close Sept. 7. Read more.
