NEW YORK, Feb. 21, 2018 /PRNewswire/ -- DFB Healthcare
Acquisitions Corp. (NASDAQ: DFBHU) ("DFB Healthcare") announced
today that it closed its initial public offering of 25,000,000
units. The offering was priced at $10.00 per unit, resulting in gross proceeds of
$250,000,000.
The Company's units began trading on the NASDAQ Capital Market
under the ticker symbol "DFBHU" on February
16, 2018. Each unit consists of one share of the Company's
common stock and one-third of one warrant, each whole warrant
enabling the holder thereof to purchase one share of common stock
at a price of $11.50 per share. Once
the securities comprising the units begin separate trading, the
common stock and warrants are expected to be listed on the NASDAQ
Capital Market under the ticker symbols "DFBH" and "DFBHW",
respectively.
DFB Healthcare is sponsored by Deerfield/RAB Ventures, LLC, which was jointly
founded by Deerfield Management Company L.P. ("Deerfield") and DFB Healthcare's management
team, led by CEO Richard Barasch.
Deerfield is an investment firm
focused exclusively on the healthcare industry, and its investment
activity spans both public and private securities. Mr. Barasch has
more than 30 years of experience in healthcare services, health
insurance, and related industries, and was CEO of Universal
American Corp. from 1995 until the Company's acquisition by
WellCare Health Plans in April 2017.
Goldman Sachs & Co. and Deutsche Bank Securities acted as
joint book runners for the offering and Leerink Partners acted as
co-manager. DFB Healthcare has granted the underwriters a 45-day
option to purchase up to an additional 3,750,000 units at the
initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on February 15, 2018. This
press release shall not constitute an offer to sell or the
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. The registration statement can be obtained
at www.sec.gov.
About DFB Healthcare Acquisitions Corp.
DFB Healthcare Acquisitions Corp. is a newly organized 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. It has
not identified any business combination target and has not, nor has
anyone on its behalf, initiated any substantive discussions,
directly or indirectly, with respect to identifying any business
combination target. Its acquisition and value creation strategy
will be to identify and acquire a business in the healthcare
sector.
The offering was made only by means of a prospectus, copies of
which may be obtained from Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, or by telephone toll-free
at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com,
from Deutsche Bank Securities Inc., Attention: Prospectus Group, 60
Wall Street, New York, New York
10005-2836 (Tel: (800) 503-4611; Email: prospectus.CPDG@db.com),
and from Leerink Partners LLC, Attention: Syndicate Department, One
Federal Street, 37th Floor, Boston,
MA 02110, by telephone at 800-808-7525, ext. 6132 or by
email at syndicate@leerink.com.
Contact
DFB Healthcare Acquisitions Corp.
Chris Wolfe, (212) 965-2400
cwolfe@rabventuresllc.com
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SOURCE DFB Healthcare Acquisitions Corp.