Healthcare Services Acquisition Corporation today announced the pricing of its upsized initial public offering of 28,800,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Capital Market under the ticker symbol "HCARU" beginning December 23, 2020. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The Company is led by David T. Blair, its Chief Executive Officer, Martin J. Payne, its President, Joshua B. Lynn, its Chief Financial Officer, and Tao Tan, its Chief Operating Officer.

Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on Nasdaq under the symbols "HCAR" and "HCARW," respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on the industries that complement its management team's background and to capitalize on their demonstrated ability to identify and acquire businesses focusing on healthcare services and related industries in the United States.

B. Riley Securities, Inc. is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to 4,320,000 additional units at the initial public offering price to cover over-allotments, if any.