Sanaby Health Acquisition Corp. I Announces Pricing of $150 Million Initial Public Offering
14 Octubre 2021 - 5:48PM
Business Wire
Sanaby Health Acquisition Corp. I (“Sanaby Health” or the
“Company”) today announced the pricing of its initial public
offering of 15,000,000 units at a price of $10.00 per unit. The
units are expected to be listed on The Nasdaq Global Market and
trade under the ticker symbol “SANBU” beginning October 15, 2021.
Each unit consists of one share of Class A common stock and
one-half of one redeemable warrant, with each whole warrant
exercisable to purchase one share of Class A common stock at a
price of $11.50 per share. After the securities comprising the
units begin separate trading, the shares of Class A common stock
and warrants are expected to be listed on Nasdaq under the symbols
“SANB” and “SANBW”, respectively. The offering is expected to close
on or about October 19, 2021, subject to customary closing
conditions.
Sanaby Health is a blank check company whose business purpose is
to effect a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization, or similar business combination
with one or more businesses. While Sanaby Health may pursue a
business combination in any industry, sector or geographic region,
Sanaby Health intends to identify promising opportunities in the
healthcare industry, with a focus on digital health, life science
tools and services, and innovative therapeutics. Sanaby Health is
led by healthcare industry veterans Sandra Shpilberg, Founder and
Chief Executive Officer, Mark Joing, Chief Financial and Operating
Officer, and Timothy Zanni, Chairman of the Board.
Cohen & Company Capital Markets (a division of J.V.B.
Financial Group, LLC) is acting as an advisor to the Company on the
transaction.
BTIG, LLC is acting as the sole bookrunner for the offering.
I-Bankers Securities, Inc. is acting as co-manager for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 2,250,000 units at the initial
public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained by contacting
BTIG, LLC, 65 East 55th Street, New York, NY 10022; Telephone:
(212) 593-7555; E-mail: ProspectusDelivery@btig.com.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on October 14, 2021. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or 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 preliminary prospectus for the Company’s offering
filed with the 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211014006145/en/
Sanaby Health Acquisition Corp. I Sandra Shpilberg, CEO
(415) 580-1810 info@sanaby.com www.sanaby.com
The Equity Group Inc. Devin Sullivan, SVP (212) 836-9608
dsullivan@equityny.com
Kalle Ahl, VP (212) 836-9614 kahl@equityny.com
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