SPAC Leader's Advantage Closes $150M IPO with 15M Units at $10
A healthcare-focused SPAC led by a team of doctors has closed a $150 million IPO on Nasdaq. The deal's 15 million units at $10 each include half-warrants struck at $11.50, creating embedded optionality and future dilution. Underwriters hold a 45-day option for 2.25 million additional units, potentially lifting gross proceeds to $172.5 million.
Source: money.mymotherlode.com · marketminute.com