Nasdaq March 4, 2021
Alpha Healthcare Acquisition III, a blank check company targeting a healthcare business in the US, filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The New York, NY-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. At the proposed deal size, Alpha Healthcare Acquisition III would command a market value of $192 million.
The company is led by CEO and Chairman Rajiv Shukla, the former CEO of Pipavav Defence & Offshore Engineering (now Reliance Defence and Engineering; NSE: RNAVAL), and CFO Patrick Sturgeon, a Managing Director at Brookline Capital Markets....