Aesther Healthcare Acquisition Corp. Announces Closing of Initial Public Offering and Partial Exercise of Over-Allotment Option
September 17 2021 - 12:30PM
Aesther Healthcare Acquisition Corp. (Nasdaq: AEHAU) (the
“Company”) announced today the closing of its initial public
offering of 10,000,000 units at $10.00 per unit. Each unit consists
of one share of the Company’s Class A common stock and one half of
one redeemable warrant, each whole warrant entitling the holder
thereof to purchase one share of Class A common stock at a price of
$11.50 per share. Only whole warrants are exercisable. The
underwriters partially exercised their over-allotment option for an
additional 500,000 units at the time of the closing of the
Offering. As a result, the aggregate gross proceeds of the
offering, including the over-allotment, are $105,000,000, prior to
deducting underwriting discounts, commissions and other offering
expenses.
The Company’s units began trading on the Nasdaq
Global Market on September 15, 2021 under the ticker symbol
“AEHAU.” Once the securities comprising the units begin separate
trading, the shares of Class A common stock and warrants are
expected to be listed on the Nasdaq Global Market under the ticker
symbols “AEHA” and “AEHAW”, respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus on the pharmaceutical and medical
device sectors.
EF Hutton, division of Benchmark Investments,
LLC, acted as sole book running manager for the offering.
The offering was made only by means of a
prospectus. Copies of the prospectus may be obtained from EF
Hutton, division of Benchmark Investments, LLC, Attn: Syndicate
Department, 590 Madison Ave., 39th Floor, New York, New York 10022,
by telephone at (212) 404-7002, by fax at (646) 861-4697, or by
email at syndicate@efhuttongroup.com, or by visiting EDGAR on the
SEC’s website at www.sec.gov.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on September 14, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
any of the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the net proceeds of the
offering will be used as indicated. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and final
prospectus for the offering filed with the Securities and Exchange
Commission (“SEC”). Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Aesther Healthcare Acquisition Corp.515 Madison
AveSuite 8078New York, NY 10022Attn: Suren Ajjarapu Chairman &
CEOsuren@aestherhealthcarespac.com(646) 908-2658
Aesther Healthcare Acqui... (NASDAQ:AEHAW)
Historical Stock Chart
From May 2024 to Jun 2024
Aesther Healthcare Acqui... (NASDAQ:AEHAW)
Historical Stock Chart
From Jun 2023 to Jun 2024