Revolution Healthcare Acquisition priced its IPO of 50 million SAIL℠ (Stakeholder Aligned Initial Listing) securities at $10 each.
The securities begin trading under REVHU on the Nasdaq today. A SAIL℠ security consists of one share of Class A common stock and one-fifth of one redeemable warrant. Each whole warrant is exercisable for one share of Class A common stock at $11.50. Once the securities begin separate trading, shares and redeemable warrants are expected to list under REVH and REVHW, respectively.
The offering is expected to close March 22.
The SPAC intends to invest in an innovator or innovators focused on building a company in the healthcare space. Read more.
