Healthcare SPAC Sanaby Health Acquisition I files for a $150 million IPO

Sanaby Health Acquisition I, a blank check company targeting the healthcare sector, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.

The Palo Alto, CA-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-half of a warrant, exercisable at $11.50. At the proposed deal size, Sanaby Health Acquisition I would command a market value of $195 million.

The company is led by CEO and Director Sandra Shpilberg, the founder of patient finding platform Seeker Health, and Chairman Timothy Zanni, who spent over 30 years at KPMG, most recently serving as Global Head of the TMT industry. The company plans to target the healthcare sector, focusing on digital health, life science tools and services, and innovative therapeutics, including digital therapeutics.

Sanaby Health Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol SANBU. BTIG is the sole bookrunner on the deal.