SEC Filing Summary: Healthcare Acquisition Corp. (Form 8-K)
Business Context and Reporting Period
This Form 8-K, dated August 16, 2005, reports on the completion of the initial public offering (IPO) by Healthcare Acquisition Corp., a Delaware corporation. The filing details the consummation of the IPO on August 3, 2005, and the subsequent exercise of the underwriters' over-allotment option on August 16, 2005.
Key Financial Metrics
- Total Units Sold: 9,400,000 Units (9,000,000 initial + 400,000 over-allotment).
- Offering Price: $8.00 per Unit.
- Total Gross Proceeds: $75,200,000.
- Funds Placed in Trust: $67,928,000.
- Unit Composition: One share of common stock ($0.0001 par value) and one warrant to purchase one share of common stock.
Material Changes
The primary material event is the successful closing of the IPO and the full exercise of the over-allotment option, resulting in the generation of $75.2 million in gross proceeds. The filing does not provide comparative financial data for a prior period as this represents the company's initial capitalization via public offering.
Outlook and Management Commentary
The filing confirms the capital structure established for the company's operations as a special purpose acquisition company (SPAC). The placement of approximately $67.9 million in trust indicates the funds reserved for potential future acquisitions. No specific guidance, risk factors, or management commentary beyond the transaction details is provided in this specific report.
Investor Verification Checklist
- Verify the exact amount of funds remaining in the trust account versus the $67,928,000 reported.
- Confirm the terms and expiration dates of the warrants issued alongside the common stock.
- Review the underwriting agreement to understand any remaining obligations or fees not deducted from the gross proceeds.
- Check for subsequent filings regarding the company's target acquisition timeline.
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