Priveterra Acquisition Corp. (PMGM) Prices 24M Unit IPO at $10/Unit

February 9, 2021 5:58 AM EST

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Priveterra Acquisition Corp. (NASDAQ: PMGM) today announced the pricing of its initial public offering of 24,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol "PMGMU" beginning on February 9, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "PMGM" and "PMGMW," respectively.

Priveterra Acquisition Corp. is a blank-check company 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 intends to focus on the healthcare industry, particularly the medical technology sector.

Wells Fargo Securities and Guggenheim Securities are acting as the joint book-runners for the offering. Odeon Capital Group is acting as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.

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



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