DTRT Health Acquisition Corp. Announces Closing of $230 Million Initial Public Offering
September 07 2021 - 3:17PM
Business Wire
DTRT Health Acquisition Corp. (the “Company”) today announced
the closing of its initial public offering of 23,000,000 units at a
price of $10.00 per unit, including 3,000,000 units issued pursuant
to the exercise by the underwriters of their over-allotment option
in full. The units are listed on The NASDAQ Capital Market
(“NASDAQ”) and began trading under the ticker symbol “DTRTU” on
September 2, 2021. Each unit consists of one share of Class A
common stock of the Company and one-half of one redeemable warrant
with each whole warrant exercisable to purchase one share of Class
A common stock at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on NASDAQ under the
symbols “DTRT” and “DTRTW,” respectively.
DTRT Health Acquisition Corp., led by CEO Mark Heaney, is a
special purpose acquisition company formed for the purpose of
entering into a business combination with one or more businesses.
While the Company may pursue an initial business combination with a
company in any sector or geography, it intends to focus its search
on the healthcare industry, specifically home and community based
healthcare services, which may include home health, personal and
private duty care, home-based therapy, adult day care, medical
transportation, pediatric health, facility based community
services, healthcare information technology and software services,
care management, behavioral health, staffing, medical devices, and
health and wellness programs, among others.
Cantor Fitzgerald & Co. (“Cantor”) is acting as the sole
bookrunner, and Odeon Capital Group, LLC is acting as the lead
manager for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained by contacting Cantor, Attention:
Capital Markets, c/o Cantor Fitzgerald & Co., 499 Park Avenue,
5th Floor, New York, New York 10022, or by email at
prospectus@cantor.com.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on September 1, 2021. This press release shall not
constitute an offer to sell or the 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement for the initial public
offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005827/en/
DTRT Health Acquisition Corp. Contact: Arion Robbins
arobbins@dtrthealth.com www.dtrthealth.com
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