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Healthcare SPAC Arisz Acquisition files for a $60 million IPO

November 1, 2021
ARIZU.RC

Arisz Acquisition, a blank check company formed by MSQ Ventures targeting healthcare, filed on Monday with the SEC to raise up to $60 million in an initial public offering.

The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock, one right to receive one-twentieth of a share upon the completion of an initial business combination, and one warrant to purchase three-quarters of a share, exercisable at $11.50. At the proposed deal size, Arisz Acquisition would command a market value of $78 million.

The company is led by CEO and Chair Echo Hindle-Yang, the founder and CEO of MSQ Ventures, an advisory firm focused on integration for emerging life sciences companies. The company plans to leverage management's experience and target the global healthcare industry.

Arisz Acquisition was founded in 2021 and plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: ARIZU.RC). The company filed confidentially on October 15, 2021. Chardan Capital Markets is the sole bookrunner on the deal.