Full Press Release Details
Healthcare Acquisition Corp. Announces Pricing of $400 million Initial Public Offering
Saunders, former Chairman and CEO of Allergan, is co-founder, CEO, President and Chairman of Vesper Healthcare
BEACH, Fla., Sept. 29, 2020 /PRNewswire/ -- Vesper Healthcare Acquisition Corp. today announced that it priced its
initial public offering of 40 million units at $10.00 per unit. The units will be listed on the Nasdaq Capital
Market and will begin trading tomorrow, Wednesday, September 30, 2020, under the ticker "VSPRU". Each unit consists
of one share of the Company's Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder
thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable
and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants
are expected to be listed on Nasdaq under the symbols "VSPRU" and "VSPRW," respectively.
Company is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company
may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the
pharmaceutical and healthcare sectors. Vesper Healthcare is led by Chief Executive Officer, Brent Saunders.
Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as the joint book-running managers for the offering.
has granted the underwriters a 45-day option to purchase up to an additional 6 million units at the initial public offering price
to cover over-allotments, if any.
offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Goldman Sachs & Co.
LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 866-471-2526 or by emailing prospectus-ny@ny.email.gs.com,
or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
telephone: 1-866-803-9204, or by email at prospectus-eq_fi@jpmchase.com.
registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange
Commission ("SEC") on September 29, 2020. 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 an offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering.
No assurance can be given that the offering discussed above will be completed on the terms described, or at all. 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 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.
CFO and co-founder, Vesper Healthcare Acquisition Corp.