Health and wellness SPAC PepperLime Health Acquisition prices $150 million IPO

PepperLime Health Acquisition, a blank check company targeting businesses combining tech and consumer health and wellness, raised $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. Anchor investors had indicated on $152 million worth of units in the offering (101% of the deal).

The company is led by CEO and Chairman Ramzi Haidamus, who previously served as the CEO of Immersion Corporation (Nasdaq: IMMR) and the President of Nokia Technologies. The company plans to target businesses at the intersection of technology and consumer health and wellness, including broad verticals that help consumers pursue "whole person health," such as physical health, behavioral and mental health, sexual wellness, women's health, and sleep related health.

PepperLime Health Acquisition plans to list on the Nasdaq under the symbol PEPLU. Oppenheimer & Co. acted as sole bookrunner on the deal.