DFP Healthcare Acquisitions Corp. (DFPHU), the Deerfield Management sponsored SPAC, announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, March 11th, under the symbol Nasdaq: DFPHU.
DFP Healthcare is the second SPAC to be sponsored by Deerfield, having previously completed DFB Healthcare Acquisitions Corp., which recently combined with AdaptHealth Corp. (AHCO). DFP Healthcare will be led by Richard Barasch, as Executive Chairman, and Steven Hochberg, as President, Chief Executive Officer and Director.
Total SPAC deal count for 2020 year-to-date is now 13 with $3.89 billion in gross proceeds raised. The offering is anticipated to close on Friday, March 13, 2020.
Congratulations to all.
Deutsche Bank Securities Inc., Jefferies LLC and UBS Securities LLC are acting as joint book-running managers of the offering. Winston & Strawn LLP and Kirkland & Ellis LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...
Stratim Cloud (NASDAQ:SCAQ) has entered into a definitive agreement to combine with oil and gas services provider Force Pressure at an enterprise value of $287.5 million, or 3.8x its 2022E adjusted EBITDA. The Seguin, Texas-based company provides drilling equipment and services primarily to the Eagle Ford, Permian and Haynesville basins in Texas and surrounding states....
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Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace? This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar runs a ride-sharing marketplace in India, where traditional short-term rental options are rare and it announced a $456...
Digital World (NASDAQ:DWAC) announced this morning that it has replaced CEO Patrick Orlando with Eric Swider, who is stepping up from a director position. The move is the just the latest installment in a long, winding road that Digital World has taken since announcing a business combination with Trump Media and Technology Group (TMTG) all...