Lower Cross Acquisitions Corp filed for a $200 million initial public offering.
The blank check company said it plans to offer 20 million units for $10 each, with each unit containing one share and one-third of a warrant to buy a share for $11.50, according to a Wednesday filing with the Securities and Exchange Commission.
The underwriters for the offering have a 45-day option to buy an additional 3 million units to cover any over-allotments, according to the filing.
The company said it has not selected or initiated discussions with any business combination target, but that it intends to focus on companies related to healthcare or insurance in the U.S. and other developed countries.
It expects to list shares on Nasdaq under the symbol LCAC.
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