NEW YORK--(BUSINESS WIRE)--CHW Acquisition Corporation (the “Company”), a newly incorporated blank check company, today announced the closing of its upsized initial public offering of 12,500,000 units, including 1,500,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $125,000,000 million.

The Company’s units commenced trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “CHWAU” on August 30, 2021.

The Company 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 focus of the team is to pursue a business combination within the consumer, health and wellness or retail sector. The management team is led by Jonah Raskas, Mark Grundman, and Paul Norman, the former President of Kellogg’s North America.

Each unit consists of one ordinary share and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share. Once the securities comprising the units begin trading separately, the Company expects that the ordinary shares and redeemable warrants will be listed on the Nasdaq under the symbols “CHWA” and “CHAW,” respectively.

Chardan acted as the sole book-running manager of the offering.

Of the proceeds received from the consummation of the offering and a simultaneous private placement of warrants, $125,000,000 million was placed in the Company’s trust account. An audited balance sheet of the Company as of September 1, 2021, reflecting receipt of the proceeds upon consummation of the offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the “SEC”).

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