NEW YORK, April 23, 2020 /PRNewswire/ -- Chardan Healthcare Acquisition 2 Corp. (NYSE American: CHAQ.U, the "Company") announced today that it priced its initial public offering of 8,500,000 units at $10.00 per unit. The units are expected to be listed on NYSE American ("NYSE") and trade under the ticker symbol "CHAQ.U" beginning April 24, 2020. Each unit consists of one share of common stock and one warrant to purchase one-half of one share of common stock at an exercise price of $11.50 per whole share. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on the NYSE under the symbols "CHAQ" and "CHAQ.WS" respectively.

The underwriters have been granted a 45-day option to purchase up to an additional 1,275,000 units offered by the Company to cover over-allotments.

The offering is expected to close on April 28, 2020, subject to customary closing conditions.

Chardan acted as sole book running manager in the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 23, 2020. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Chardan Capital Markets, LLC, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Chardan Healthcare Acquisition 2 Corp.

Chardan Healthcare Acquisition 2 Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus its search on a target businesses operating in North America in the healthcare industry.

Source: Chardan Healthcare Acquisition 2 Corp.

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