SCP & CO Healthcare Acquisition Company (SHACU) Prices Upsized $200M IPO

SCP & CO Healthcare Acquisition Company announced the pricing of its upsized $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SHACU” Friday, January 22.

The new company aims to combine with a healthcare business that has tech-enabled services, digital health, diagnostics, or personalized care solutions. SCP & CO is led by CEO Scott Feuer, President Bryan Crino and CFO Joseph Passero.

Total SPAC deal count for 2021 year-to-date is now 62 with $17.65 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 26.

Barclays Capital Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.