SC Health Corp, a blank check company targeting the healthcare industry in the Asian Pacific region, announced terms for its IPO on Friday.
The Singapore-based company plans to raise $150 million by offering 15 million units at a price of $10, where it would command a market value of $200 million. Each unit consists of one ordinary share and one-half of one redeemable warrant; one whole warrant can be used to purchase a share of stock at $11.50 per share.
SC Health Corp was founded in 2018 and it plans to list on the NYSE under the symbol SCH.U. Credit Suisse is the sole bookrunner on the deal.
