The firm’s IPO included 25,000,000 units priced at $10.00 apiece. Each unit consisted of one share of common stock and one-third of one warrant.
The company said it expects its common stock to be listed on the Nasdaq under the ticker symbol “DFBH”, while the warrants will trade under “DFBHW”.
DFB Healthcare is backed by healthcare investment firm Deerfield Management and is led by Richard Barasch, a 30-year healthcare vet.
The newly-organized blank-check company was created to effect a merger or asset acquisition, but the firm has not yet identified a business target with which to merge or acquire.
“DFB Healthcare Acquisitions Corp. 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,” the company wrote in a statement. “Its acquisition and value creation strategy will be to identify and acquire a business in the healthcare sector.”