Healthcare Merger Corp.

liquidatedU=S+W/2W=S@11.50
HCCOSEC EDGARCIK: 0001791091|HCMC Sponsor LLC•Telemedicine

Capital Structure & Economics

Trust Size$200,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$200,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedNov 25, 2019
Target AnnouncedFeb 2, 2022
Maturation Wall
Dec 17, 2021

Announced Target / M&A

  • Target CompanySpark Parent, Inc.
  • SectorTelemedicine
  • Announced Deal Size$650,000,000
  • Announcement Date2022-02-02

Board & Officers

  • Steven J. ShulmanCEO
  • MTS Health Partners, L.P.Officer

Advanced Structuring Terms

Target SectorsTelemedicine

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction