Brief: Alpha Tau And Healthcare Capital Corp. To Combine And Create A Publicly Traded Company

Alpha Tau Medical

08/07/2021 12:35

July 8 (Reuters) - Healthcare Capital Corp  HCCC.O :
    * ALPHA TAU AND HEALTHCARE CAPITAL CORP. TO COMBINE AND
CREATE A
PUBLICLY TRADED COMPANY FOCUSED ON TRANSFORMING THE TREATMENT OF
SOLID TUMORS THROUGH THE PRECISION DELIVERY OF ALPHA RADIATION
    * HEALTHCARE CAPITAL CORP - TRANSACTION REPRESENTS AN
IMPLIED PRO
FORMA EQUITY VALUE OF APPROXIMATELY $1 BILLION
    * HEALTHCARE CAPITAL CORP - TRANSACTION IS EXPECTED TO
PROVIDE UP
TO $367 MILLION IN GROSS PROCEEDS
    * HEALTHCARE CAPITAL CORP - UPON CLOSING OF BUSINESS
COMBINATION,
ALPHA TAU IS EXPECTED TO BE LISTED ON NASDAQ
    * HEALTHCARE CAPITAL CORP - $92 MILLION FULLY-COMMITTED PIPE
IS
ANCHORED BY A COMBINATION OF HEALTHCARE-FOCUSED FINANCIAL AND
STRATEGIC INVESTORS
    * HEALTHCARE CAPITAL CORP - ALPHA TAU WILL CONTINUE TO BE
LED BY
ITS CURRENT MANAGEMENT TEAM
    * HEALTHCARE CAPITAL CORP - ALL ALPHA TAU SHAREHOLDERS WILL
RETAIN
100% OF THEIR EQUITY HOLDINGS IN PUBLIC COMPANY
    * HEALTHCARE CAPITAL CORP - UPON CLOSING, IT IS EXPECTED
THAT HCC
CHAIRMAN DR. DAVID M. MILCH WILL BE APPOINTED TO ALPHA TAU BOARD
OF DIRECTORS
    * HEALTHCARE CAPITAL CORP - ALPHA TAU WILL CONTINUE TO BE
LED BY
ITS CURRENT MANAGEMENT TEAM, AND UPON CLOSING
    * HEALTHCARE CAPITAL CORP - BUSINESS COMBINATION VALUES
ALPHA TAU
AT AN IMPLIED PRE-MONEY EQUITY VALUE OF $600 MILLION

Source text for Eikon:  ID:nPn1m92Vza 
Further company coverage:  HCCC.O 

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