Chardan Healthcare Acquisition Corp. Announces Closing of Initial Public Offering

NEW YORK, Dec. 18, 2018 – — Chardan Healthcare Acquisition Corp. (NYSE American: CHAC.U, the “Company”) announced today that it closed its initial public offering of 7,000,000 units at $10.00 per unit. The underwriters have been granted a 45-day option to purchase up to an additional 1,050,000 units offered by the Company to cover over-allotments, if any.

The units began trading on the NYSE American (“NYSE”) on December 14, 2018 and trade under the ticker symbol “CHAC.U.”  Each unit consists of one share of common stock and one warrant to purchase one-half of one share of common stock. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on NYSE under the symbols “CHAC,” and “CHAC.WS,” respectively.

Chardan acted as sole book running manager in the offering. Brookline Capital Markets, A Division of CIM Securities, LLC acted as co-manager.

About Chardan Healthcare Acquisition Corp.

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

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 13, 2018. The offering was 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

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.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Chardan Healthcare Acquisition Corp.

Jonas Grossman


17 State Street, 21st Floor, New York, NY 10004

(646) 465-9002 Direct | (917) 402-8575 Mobile

SOURCE Chardan Healthcare Acquisition Corp.

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