NEW YORK, Sept. 09, 2020 (GLOBE NEWSWIRE) -- HighCape Capital Acquisition Corp. announced the closing of its initial public offering of 11,500,000 units at a price of $10.00 per unit, including 1,500,000 units issued pursuant to the exercise by the underwriter of its over-allotment option in full. The units are listed on the Nasdaq Capital Market and began trading under the ticker symbol “CAPAU” on September 4, 2020. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “CAPA” and “CAPAW,” respectively.

HighCape Capital Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on businesses in the life sciences and life sciences related industries.