Chardan Healthcare Acquisition 2 Corp. (NYSE American: CHAQ.U) 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 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.

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.