Blueprint Health Merger, a blank check company formed by Blueprint Health targeting digital healthcare businesses, withdrew its plans for an initial public offering on Thursday. It had filed to raise $200 million by offering 20 million units at a price of $10, with each unit containing one share of common stock and one-third of a warrant, exercisable at $11.50.
The company was set to be led by CEO and Director Rajiv Kumar, the former CMO of Virgin Pulse and co-founder and former CEO of ShapeUp, and Chairman Richard Harrington, the former CEO of The Thomson Reuters Corporation.
The Providence, RI-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol BHMCU. Credit Suisse was set to be the sole bookrunner on the deal.
