NEW YORK, Dec. 18, 2018 /PRNewswire/ -- Chardan
Healthcare Acquisition Corp. (NYSE American: CHAC.U, the "Company")
announced today that it closed its initial public offering of
7,000,000 units at $10.00 per unit.
The underwriters have been granted a 45-day option to purchase up
to an additional 1,050,000 units offered by the Company to cover
over-allotments, if any.
The units began trading on the NYSE American ("NYSE") on
December 14, 2018 and trade under the
ticker symbol "CHAC.U." Each unit consists of one share of
common stock and one warrant to purchase one-half of one share of
common stock. Once the securities comprising the units begin
separate trading, the common stock and warrants are expected to be
listed on NYSE under the symbols "CHAC," and "CHAC.WS,"
respectively.
Chardan acted as sole book running manager in the offering.
Brookline Capital Markets, A Division of CIM Securities, LLC acted
as co-manager.
About Chardan Healthcare Acquisition Corp.
Chardan Healthcare Acquisition Corp. is a blank check company
formed for the purpose of entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination with one or more businesses
or entities. The Company's efforts to identify a prospective target
business will not be limited to any particular industry or
geographic region, although the Company intends to focus its search
on target businesses operating in North
America in the healthcare industry.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
December 13, 2018. The offering was
made only by means of a prospectus, copies of which may be obtained
by contacting Chardan Capital Markets, LLC, 17 State Street, 21st
floor, New York, New York 10004.
Copies of the registration statement can be accessed through the
SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such 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 includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Chardan Healthcare Acquisition Corp.
Jonas Grossman
CEO
17 State Street, 21st Floor, New York,
NY 10004
(646) 465-9002 Direct | (917) 402-8575 Mobile
grossmanj@chardanspac.com
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SOURCE Chardan Healthcare Acquisition Corp.