PIII News

Foresight Acquisition, a blank check company targeting consumer tech and healthcare industries, raised $275 million by offering 27.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is led by Chairman Greg Wasson, the former CEO of Walgreens, where he served prior to...read more

Foresight Acquisition, a blank check company targeting consumer tech and healthcare industries, filed on Friday with the SEC to raise up to $275 million in an initial public offering. The Chicago, IL-based company plans to raise $275 million by offering 27.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11...read more

Five of the six IPOs that were scheduled to price last night and begin trading today are now pushed back one day and expect to price tonight for trading on Friday. Only Avistar Communications (AVSR), a provider of web-based conferencing systems, still plans to price and begin trading on Thursday, pending successful SEC approval. There are now a total of 8 deals scheduled to price...read more

PECO II, a provider of power systems for telecom carriers, priced 5 million shares at $15, the middle of its $14-$16 per share range. Robertson Stephens is the lead underwriter. The stock will open for trading on Friday....read more