EQ Health Acquisition Corp. (EQHA) Prices 19.13M Unit IPO at $10/Unit

January 29, 2021 8:34 AM EST

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EQ Health Acquisition Corp. (NYSE: EQHA) , today announced the pricing of its initial public offering of 19,130,400 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “EQHA.U” beginning January 29, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ‘‘EQHA’’ and ‘‘EQHA.WS,’’ respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on identifying, acquiring and building an undervalued, growth-oriented company in the healthcare services sector.

Jefferies LLC and BTIG, LLC are acting as joint book running managers. The Company has granted the underwriters a 45-day option to purchase up to 2,869,560 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus.



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