Larkspur Health Acquisition Corp. Announces Closing of $75 Million Initial Public Offering
23 Décembre 2021 - 10:30PM
Business Wire
Larkspur Health Acquisition Corp., a newly organized blank-check
special purpose acquisition company formed as a Delaware
corporation, today announced the closing of its initial public
offering of 7,500,000 units at an offering price of $10.00 per
unit, with each unit consisting of one share of common stock and
three-fourths of 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 “LSPRU” on December 21, 2021.
Once the securities comprising the units begin separate trading,
the shares of common stock and the warrants are expected to be
traded on Nasdaq under the symbols “LSPR” and “LSPRW,”
respectively.
Larkspur Health Acquisition Corp. is a blank check company
sponsored by Larkspur Health 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 companies in the biotechnology sector
and would benefit from access to public markets and the operational
and strategic expertise of our management team and board of
directors. The Company is led by Chairman and Chief Executive
Officer, Daniel J. O’Connor and Director and Chief Financial
Officer, David S. Briones.
A.G.P./Alliance Global Partners is the sole book-running
manager, and Brookline Capital Markets, a division of Arcadia
Securities, LLC, acted as co-manager for the offering. Larkspur
Health Acquisition Corp. has granted the underwriters a 45-day
option to purchase up to 1,125,000 additional units at the IPO
price to cover over-allotments, if any. McDermott Will & Emery
LLP served as counsel to Larkspur Health Acquisition Corp. and
Manatt, Phelps & Phillips, LLP served as counsel to the
underwriters in this offering.
A registration statement relating to the securities sold in the
initial public offering was declared effective by the U.S.
Securities and Exchange Commission on December 20, 2021. The
offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from 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 contains statements that constitute
“forward-looking statements,” including with respect to the IPO and
any future initial business combination. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all, or any initial business combination will be
identified or completed. 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 and preliminary prospectus for
the IPO 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 U.S. federal securities
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211223005330/en/
info@lsprhealth.com
Daniel J. O’Connor +1-609-947-1476
David S. Briones +1-908-370-5102 www.lsprhealth.com
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