Deal sells shares via EarlyBirdCapital with $7.92 million greenshoe
By Devika Patel
Knoxville, Tenn., June 28 - MedWorth Acquisition Corp. increased its initial public offering of stock to $52.8 million with a $7.92 million greenshoe, according to a prospectus filed Wednesday with the Securities and Exchange Commission. The deal priced for $48 million with a $7.2 million greenshoe on May 20.
The company will sell 6.6 million common shares at $8.00 per share.
EarlyBirdCapital, Inc. is the underwriter. Aegis Capital Corp. is also assisting.
Settlement is expected July 2.
The company expects the shares to trade on the Nasdaq under the symbol "MWRX."
Proceeds will be used for fees, expenses, working capital and general corporate purposes.
The blank check company is based in Miami.
| Issuer: | MedWorth Acquisition Corp.
|
| Issue: | Common stock
|
| Amount: | $52.8 million
|
| Greenshoe: | $7.92 million
|
| Shares: | 6.6 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Underwriter: | EarlyBirdCapital, Inc.
|
| Pricing date: | May 20
|
| Upsized: | June 26
|
| Settlement date: | July 2
|
| Stock exchange: | Nasdaq: MWRX
|
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