SPAC AfterNext HealthTech Acquisition lowers deal size by 17% ahead of $250 million IPO

AfterNext HealthTech Acquisition, a blank check company formed by TPG targeting healthcare technology, lowered the proposed deal size for its upcoming IPO on Friday.

The Fort Worth, TX-based company now plans to raise $250 million by offering 25 million units at $10. The company had previously filed to offer 30 million units at the same price. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the revised deal size, AfterNext HealthTech Acquisition will raise -17% less in proceeds than previously anticipated.

AfterNext HealthTech Acquisition is led by CEO and Chairman Halsey Wise, the former CEO of MedAssets and Integraph; President and Director Anthony Colaluca, the former CFO of MedAssets and Integraph; and CFO Martin Davidson, a Partner and CAO of TPG Capital. The company aims to leverage management's experience to target businesses that lie at the intersection of healthcare and technology.

AfterNext HealthTech Acquisition was founded in 2021 and plans to list on the NYSE under the symbol AFTR.U. Goldman Sachs, Deutsche Bank, and BofA Securities are the joint bookrunners on the deal.