Healthcare Capital Corp set to open at 4-month high on $1 bln deal with Alpha Tau

Alpha Tau Medical

08/07/2021 14:05

** Blank check co's  HCCC.O  shares up 2.6% at $9.89
premarket, set to open at about 4-month high
    ** SPAC to take Israeli oncology therapeutics co Alpha Tau
Medical Ltd public in $1 bln deal  urn:newsml:reuters.com:*:nPn1m92Vza
    ** Alpha Tau to be listed on Nasdaq post merger - companies
    ** Founded in 2016, the company focuses on research and
development of technology for treatment of tumors
    ** Deal to be financed through $275 mln in cash from HCCC
and $92 mln PIPE (private investment in public equity) funding
    ** Citigroup advised Alpha and Cantor Fitzgerald advised the
SPAC on the deal

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))