NEW YORK, Feb. 26, 2021 /PRNewswire/ -- Hudson Executive
Investment Corp. III (the "Company") announced today that it closed
its initial public offering of 60,000,000 units at a price of
$10.00 per unit, including 7,500,000
units issued pursuant to the exercise by the underwriters of their
over-allotment option. The units are listed on The Nasdaq Capital
Market ("Nasdaq") and began trading under the ticker symbol "HIIIU"
on February 24, 2021. Each unit
consists of one share of Class A common stock and one-fifth of a
redeemable warrant, with each whole warrant exercisable to purchase
one share of Class A common stock at a price of $11.50 per share. After the securities comprising
the units begin separate trading, the shares of Class A common
stock and warrants are expected to be listed on Nasdaq under the
symbols "HIII" and "HIIIW," respectively.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and
Barclays Capital Inc. acted as joint bookrunning managers of the
offering.
About Hudson Executive Investment Corp. III
Hudson Executive Investment Corp. III is a blank check company
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company was co-sponsored by Hudson Executive Capital LP (HEC), a
value-oriented, event-driven investment firm with a focus on small
and mid-cap companies, Douglas L.
Braunstein, its founder and managing partner, and
Douglas G. Bergeron, its managing
partner. The company intends to focus its search on
technology-driven, disruptive companies with desirable
growth-oriented characteristics as well as on more mature
businesses with attractive cash flow characteristics and long-term,
sustainable competitive advantage.
Hudson Executive Investment Corp., the first SPAC managed by Mr.
Braunstein and Mr. Bergeron, went public and raised $414 million in June
2020 and in January 2021
announced a combination with digital and virtual behavioral
healthcare company Talkspace. Hudson Executive Investment Corp. II,
the second SPAC managed by Mr. Braunstein and Mr. Bergeron, went
public and raised $250 million in
January 2021.
About Douglas L.
Braunstein
Prior to founding Hudson Executive Capital, Douglas L. Braunstein was the Chief Financial
Officer of JPMorgan Chase from 2010 to 2012 and its Vice Chairman
from 2013 to 2015. As a leading investment banker and trusted
corporate advisor, Mr. Braunstein has been instrumental in
originating, structuring, negotiating and advising on many
significant transactions across the Company's sectors of focus.
Prior to his role as CFO of JPMorgan Chase, Mr. Braunstein served
in several leadership positions at the bank, including Head of
Investment Banking in the Americas, Head of Global M&A and
Global Industry Coverage and Head of Healthcare Investment Banking,
as well as serving on the Investment Bank Management Committee for
over ten years.
About Douglas G.
Bergeron
Mr. Bergeron's expertise in the financial services sector, FinTech
in particular, and the technology industry spans over 35 years,
including 12 years as the Chief Executive Officer of Verifone
Systems, Inc., a provider of technology for electronic payment
transactions and value-added services at the point-of-sale. As CEO,
he led Verifone from sales of under $300
million in 2002 to over $2
billion and over 5,000 employees worldwide in 2013 and an
enterprise value in excess of $4
billion. Prior to leading Verifone, Mr. Bergeron was CEO of
SunGard Brokerage Systems Group and President of SunGard Futures
Systems, which provided software and services to a variety of
trading institutions, banks, futures brokerages, derivatives
exchanges and clearing and settlement services providers.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on February 23, 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.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to the offering may be obtained from
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone at 800-831-9146; J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717,
telephone: 866-803-9204, email: prospectuseq_fi@jpmchase.com; and
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717, telephone: (888) 603-5847, email:
barclaysprospectus@broadridge.com.
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 offering discussed above will be
completed on the terms described, or at all, or 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.
Investor Contact
Hatcher Snead IR@hudsonexecutive.com
212-521-8495
Media Contact
Gladstone Place Partners
Felipe Ucros/Max Dutcher
212-230-5930
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SOURCE Hudson Executive Investment Corp. III