Digital Health Acquisition Corp. Announces Closing of $115 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
November 08 2021 - 4:00PM
Digital Health Acquisition Corp. (NASDAQ: DHACU, the “Company”),
today announced that it closed its initial public offering of
11,500,000 units at an offering price of $10.00 per unit. This
includes the exercise in full by the underwriters of their
over-allotment option to purchase up to an additional 1,500,000
units. Each unit consists of one share of common stock and one
redeemable warrant. Each whole warrant will entitle the holder
thereof to purchase one share of common stock at $11.50 per share.
The units are listed on The Nasdaq Global Market
(“NASDAQ”) and began trading under the ticker symbol “DHACU” on
November 4, 2021. Once the securities comprising the units begin
separate trading, the common stock and warrants are expected to be
listed on NASDAQ under the symbols “DHAC” and “DHACW,”
respectively.
Digital Health Acquisition Corp is a blank check
company sponsored by Digital Health Sponsor LLC, a Delaware limited
liability company, whose business purpose is to effect a merger,
share exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. The
Company intends to focus on established, technology focused
businesses positioned in the healthcare industry that have an
aggregate enterprise value of approximately $175 million to $500
million and would benefit from access to public markets and the
operational and strategic expertise of our management team and
board of directors
A.G.P./Alliance Global Partners is the sole
book-running manager for the offering.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on November 3, 2021. The offering is being made only by
means of a prospectus, copies of which may be obtained by
contacting A.G.P./Alliance Global Partners, 590 Madison Avenue,
28th Floor, New York, NY 10022, or by telephone at (212) 624-2060,
or by email at prospectus@allianceg.com or by visiting EDGAR on the
SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company’s initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Contacts:For investors:
Investor Relations
Digital Health Acquisition Corp.
info@digitalhealthacquisition.com 561-672-7068
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