Chardan Healthcare Acquisition Corp. announced today that it priced its initial public offering of 7,000,000 units at $10.00 per unit. The units are expected to be listed on NYSE American and trade under the ticker symbol “CHAC.U” beginning December 14, 2018. Each unit consists of one ordinary share and one warrant to purchase one-half of one ordinary share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on NYSE under the symbols “CHAC” and “CHAC.WS” respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 1,050,000 units offered by the Company to cover over-allotments, if any.
The offering is expected to close on December 18, 2018, subject to customary closing conditions.
Chardan is acting as sole book-running manager in the offering. CIM Securities, LLC is acting as co-manager.
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Date: December 17, 2018
Source: Yahoo Finance
