Digital Health Acquisition, a blank check company targeting healthcare technology, filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The Boca Raton, FL-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 warrant to purchase one-half of a share, exercisable at $11.50. At the proposed deal size, Digital Health Acquisition would command a market value of $193 million.
The company is led by CEO and Chairman Scott Wolf, the founder of Aerin Medical, a company developing non-surgical therapies for common nasal airway problems, and Zeltiq Aesthetics, the maker of CoolSculpting. The company plans to target established, healthcare technology-focused businesses with enterprise values between $175 million and $500 million.
Digital Health Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol DHACU. The company filed confidentially on June 22, 2021. A.G.P. is the sole bookrunner on the deal.
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