Healthcare-focused Voyager Acquisition Corp. (VACHU) raised $220 million by pricing 22.0 million units at $10.00 each in its SPAC IPO on Thursday night, Aug. 8, 2024. The Voyager Acquisition deal was priced in sync with the recently downsized terms in its prospectus. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. (Editor’s Note: This column, published early today before the U.S. stock market’s open, was updated at midday to add news on Voyager Acquisition’s trading debut on the NASDAQ.)
Voyager Acquisition’s stock opened flat at $10.00 at 10:53 a.m. EDT on Friday, Aug. 9, 2024, on the NASDAQ on volume of about 1.25 million shares, according to NASDAQ. Around 11:35 a.m. EDT, Voyager Acquisition’s stock dipped 1 cent below its IPO price to trade at $9.99.
Cantor was the sole book-runner. Odeon Capital was the co-manager.
The Brooklyn, New York-based SPAC cut its IPO’s size to 22.0 million units – down from 26.1 million units – and kept the price at $10.00 per unit – according to an S-1/A filing in late July.
Voyager Acquisition Corp. intends to search for an acquisition target in the healthcare sector or healthcare-related industries with an enterprise value ranging from $160 million to $2 billion, according to the prospectus. Voyager Acquisition was founded in 2023.
CEO Adeel Rouf is a former investment professional at Cohen and Company Asset Management.
Chairman Warren Hosseinion, M.D., is the president of Nutex Health. He previously worked for Apollo Medical Holdings, which he co-founded.
At pricing, Voyager Acquisition became the second SPAC IPO priced this week – and the second SPAC IPO priced in August.
Voyager followed on the heels of EQV Ventures Acquisition Corp. (EQV.U)(EQV.UT), a $350 million oil and gas SPAC IPO that was priced Tuesday night, Aug. 6, 2024. EQV Ventures Acquisition started trading on the New York Stock Exchange on Wednesday, Aug. 7, 2024. BTIG was the sole book-runner.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.)
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