Digital Health Acquisition, a blank check company targeting healthcare technology, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Scott Wolf, the founder of Aerin Medical, a company developing non-surgical therapies for common nasal airway problems, and Zeltiq Aesthetics, the maker of CoolSculpting. The company plans to target established, healthcare technology-focused businesses with enterprise values between $175 million and $500 million.
Digital Health Acquisition plans to list on the Nasdaq under the symbol DHACU. A.G.P. acted as sole bookrunner on the deal.
