OS Acquisition, a blank check company formed by OS Fund targeting healthcare technology, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.
The Park Ridge, IL-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, OS Acquisition will command a market value of $188 million.
The company is led by CEO and Director Jeff Klunzinger, who as served as Co-Founder and General Partner at OS Fund since 2014. He is joined by CFO Mark Ghobrial, who has been a Partner at OS Fund since 2014 and previously was a Portfolio Manager at First New York Securities. OS Acquisition intends to capitalize on management's ability to identify, acquire, and operate a business at the intersection of the healthcare and technology industries.
OS Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol OSAAU. It filed confidentially on February 16, 2021. Citi is the sole bookrunner on the deal.
