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CHW Acquisition Corporation has successfully closed its upsized initial public offering, issuing 12,500,000 units priced at $10.00 each, generating gross proceeds of $125,000,000. The units began trading on Nasdaq under the symbol 'CHWAU' on August 30, 2021. The blank check company, led by Jonah Raskas, Mark Grundman, and Paul Norman, aims to pursue business combinations in the consumer, health, and wellness sectors. The offering's proceeds will be placed in a trust account, supporting future business opportunities.
CHW Acquisition Corporation has priced its initial public offering (IPO) of 11,000,000 units at $10.00 per unit, raising a total of $110,000,000. The IPO has been upsized from a previous target of $100,000,000. Each unit comprises one ordinary share and one redeemable warrant, which can be exercised at $11.50 per share. The offering is set to close on September 1, 2021. Following the IPO, the units will trade under the symbol “CHWAU” on Nasdaq.