Digital Transformation Opportunities, a blank check company targeting the healthcare and healthcare technology sectors, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Kevin Nazemi, who currently serves as a Partner at startup investment and incubation firm Lobby 7 Capital. Nazemi previously was the founder and CEO of Renew Health and co-founder and Co-CEO of Oscar Health Insurance (OSCR). Digital Transformation Opportunities plans to target the healthcare industry, with a particular focus on healthcare technology and adjacent verticals.
Digital Transformation Opportunities plans to list on the Nasdaq under the symbol DTOCU. Barclays acted as a lead manager on the deal.
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