Deerfield Healthcare Technology Acquisitions, the third healthcare-focused blank check company formed by Deerfield Management and Robert Barasch, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. At pricing, the company commands a market value of $156 million.
The company is led by Chairman Richard Barasch and CEO and Director Steven Hochberg. The pair also serve in those roles for Deerfield Management's other SPAC DFP Healthcare Acquisitions (DFPHU), which is up 13% from its March 2020 IPO. Deerfield Healthcare Technology Acquisitions plans to target the healthcare or healthcare-related industries with a focus on the life sciences, medical technology, digital health and technology-enabled services sectors.
Deerfield Healthcare Technology Acquisitions plans to list on the Nasdaq under the symbol DFHTU. Deutsche Bank and UBS Investment Bank acted as lead managers on the deal.
