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AfterNext HealthTech Acquisition Corp. - AFTR

  • Commons

    $9.70

    +0.00%

    AFTR Vol: 423.4K

  • Warrants

    $0.80

    -0.63%

    AFTR+ Vol: 179.7K

  • Units

    $10.60

    +4.95%

    AFTR= Vol: 318.0

Average: 0
Rating Count: 0
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SPAC Stats

Market Cap: 0.0
Average Volume: 54.9K
52W Range: $9.65 - $9.99
Weekly %: -0.51%
Monthly %: -0.10%
Inst Owners: 1

Info

Target: Searching
Days Since IPO: 115
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share, par value $0.0001 (the “Class A ordinary shares”) and one-fourth of one redeemable warrant (the “redeemable warrants”)
Trust Size: 30000000.0M

Management

Our Management Team We are dependent upon our directors and officers and their departure could adversely affect our ability to operate. Our operations are dependent upon a relatively small group of individuals and, in particular, our directors and officers. We believe that our success depends on the continued service of our directors and officers, at least until we have completed our initial business combination. The service of certain of our directors and officers depends in part on their continued engagement with us (which, in certain cases, depends on their continued engagement with TPG). These arrangements are “at will” and thus can be terminated by either party at any time, including for reasons that may be unrelated to us. In addition, our directors and officers are not required to commit any specified amount of time to our affairs and, accordingly, will have conflicts of interest in allocating management time among various business activities, including identifying potential business combinations and monitoring the related due diligence. Moreover, certain of our directors have time and attention requirements for private investment funds of which affiliates of TPG are the investment managers. We do not have an employment agreement with, or key-man insurance on the life of, any of our directors or officers. The unexpected loss of the services of one or more of our directors or officers could have a detrimental effect on us. Our ability to successfully effect our initial business combination and to be successful thereafter will be totally dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business. Our ability to successfully effect our initial business combination is dependent upon the efforts of our key personnel. The role of our key personnel in the target business, however, cannot presently be ascertained. Although some of our key personnel may remain with the target business in senior management or advisory positions following our initial business combination, it is likely that some or all of the management of the target business will remain in place. While we intend to closely scrutinize any individuals we engage after our initial business combination, we cannot assure you that our assessment of these individuals will prove to be correct. 65 Table of Contents These individuals may be unfamiliar with the requirements of operating a company regulated by the SEC, which could cause us to have to expend time and resources helping them become familiar with such requirements. We may engage TPG Capital BD, LLC, or other affiliates of our sponsor, as our financial advisor or agent on our business combinations and other transactions. Any fee in connection with such engagement may be conditioned upon the completion of such transactions. This financial interest in the completion of such transactions may influence the advice such affiliate provides. We may engage TPG Capital BD, LLC, or another affiliate of our sponsor, as a financial advisor or other advisor or agent in connection with our initial business combination and pay such affiliate a customary financial advisory fee, which payment we currently expect would equal up to approximately $1,575,000 (or $1,811,250 if the underwriters’ over-allotment option is exercised in full) based on current market standard fees payable to third-party advisors for comparable transactions, plus any additional amounts for any other services TPG Capital BD, LLC renders in connection with our initial business combination, including with respect to any additional capital we raise at the time; however, there is currently no agreement in place for the provision of these services or payment of such fees and any such fees would ultimately be based on market standard fees at such time. Pursuant to any such engagement, the affiliate may earn its fee upon closing of the initial business combination. The payment of such fee would likely be conditioned upon the completion of the initial business combination. Therefore, our sponsor may have additional financial interests in the completion of the initial business combination. These financial interests may influence the advice any such affiliate provides us as our financial advisor, which advice would contribute to our decision on whether to pursue a business combination with any particular target. Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous. Our key personnel may be able to remain with the company after the completion of our initial business combination only if they are able to negotiate employment or consulting agreements in connection with the business combination. Such negotiations would take place simultaneously with the negotiation of the business combination and could provide for such individuals to receive compensation in the form of cash payments and/or our securities for services they would render to us after the completion of the business combination. Such negotiations also could make such key personnel’s retention or resignation a condition to any such agreement. The personal and financial interests of such individuals may influence their motivation in identifying and selecting a target business, subject to his or her fiduciary duties under Cayman Islands law. However, we believe the ability of such individuals to remain with us after the completion of our initial business combination will not be the determining factor in our decision as to whether or not we will proceed with any potential business combination. There is no certainty, however, that any of our key personnel will remain with us after the completion of our initial business combination. We cannot assure you that any of our key personnel will remain in senior management or advisory positions with us. The determination as to whether any of our key personnel will remain with us will be made at the time of our initial business combination. We may have a limited ability to assess the management of a prospective target business and, as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company. When evaluating the desirability of effecting our initial business combination with a prospective target business, our ability to assess the target business’s management may be limited due to a lack of time, resources or information. Our assessment of the capabilities of the target’s management, therefore, may prove to be incorrect and such management may lack the skills, qualifications or abilities we suspected. Should the target’s 66 Table of Contents management not possess the skills, qualifications or abilities necessary to manage a public company, the operations and profitability of the post-combination business may be negatively impacted. Accordingly, any shareholders who choose to remain shareholders following the business combination could suffer a reduction in the value of their shares. Such shareholders are unlikely to have a remedy for such reduction in value. The directors and officers of an acquisition candidate may resign upon completion of our initial business combination. The departure of a business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business. The role of an acquisition candidates’ key personnel upon the completion of our initial business combination cannot be ascertained at this time. Although we contemplate that certain members of an acquisition candidate’s management team will remain associated with the acquisition candidate following our initial business combination, it is possible that members of the management of an acquisition candidate will not wish to remain in place. Our directors and officers will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination. Our directors and officers are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations and our search for a business combination and their other businesses. We do not intend to have any full-time employees prior to the completion of our initial business combination. Our officers are engaged in several other business endeavors for which they may be entitled to substantial compensation and are not obligated to contribute any specific number of hours per week to our affairs. In particular, certain of our directors and officers are employed by TPG, which, among other things, is the investment manager to various private investment funds which make investments in securities or other interests of or relating to companies in industries we may target for our initial business combination. Our independent directors also serve as officers and board members for other entities. If our officers’ and directors’ other business affairs require them to devote substantial amounts of time to such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs which may have a negative impact on our ability to complete our initial business combination. For a complete discussion of our officers’ and directors’ other business affairs,

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 8.08%
% of Float Held by Institutions 8.08%
Number of Institutions Holding Shares 1

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q 10-Q 2021-11-03 https://www.sec.gov/Archives/edgar/data/1865975/000156459021054058/aftru-10q_20210930.htm
8-K 8-K 2021-09-29 https://www.sec.gov/Archives/edgar/data/1865975/000119312521286840/d180055d8k.htm
4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 2021-09-28 https://www.sec.gov/Archives/edgar/data/1865975/000138713121009686/xslF345X03/aftr-form4_092521.xml
10-Q 10-Q 2021-09-22 https://www.sec.gov/Archives/edgar/data/1865975/000156459021048593/aftru-10q_20210630.htm
SC 13G 2021-09-10 https://www.sec.gov/Archives/edgar/data/1865975/000117266121001919/guggenheim-aftr083121.htm
SC 13G AFTERNEXT HEALTHTECH ACQUISITION CORP. 2021-08-26 https://www.sec.gov/Archives/edgar/data/1865975/000110465921109795/tm2126018d1_sc13g.htm
8-K 8-K 2021-08-20 https://www.sec.gov/Archives/edgar/data/1865975/000119312521252824/d199799d8k.htm
SC 13G 2021-08-19 https://www.sec.gov/Archives/edgar/data/1865975/000131924421000242/AFTR_13G.htm
4 OWNERSHIP DOCUMENT 2021-08-18 https://www.sec.gov/Archives/edgar/data/1865975/000138713121008710/xslF345X03/aftr-form4_081621.xml
8-K 8-K 2021-08-16 https://www.sec.gov/Archives/edgar/data/1865975/000119312521247913/d215796d8k.htm
424B4 424B4 2021-08-13 https://www.sec.gov/Archives/edgar/data/1865975/000119312521246193/d177739d424b4.htm
EFFECT 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/999999999521003151/xslEFFECTX01/primary_doc.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032643/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032641/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032638/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032639/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032634/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032632/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032631/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032628/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032626/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032624/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000089924321032623/xslF345X02/doc3.xml
3 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000138713121008362/xslF345X02/ownership.xml
CERT NYSE CERTIFICATION 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000087666121001187/AFTR081121.pdf
8-A12B 8-A12B 2021-08-11 https://www.sec.gov/Archives/edgar/data/1865975/000119312521242877/d214058d8a12b.htm
CORRESP 2021-08-09 https://www.sec.gov/Archives/edgar/data/1865975/000119312521240448/filename1.htm
CORRESP 2021-08-09 https://www.sec.gov/Archives/edgar/data/1865975/000119312521240436/filename1.htm
S-1/A S-1/A 2021-08-06 https://www.sec.gov/Archives/edgar/data/1865975/000119312521238160/d177739ds1a.htm
S-1/A S-1/A 2021-07-30 https://www.sec.gov/Archives/edgar/data/1865975/000119312521229761/d177739ds1a.htm
CORRESP 2021-07-29 https://www.sec.gov/Archives/edgar/data/1865975/000119312521229763/filename1.htm
UPLOAD 2021-07-27 https://www.sec.gov/Archives/edgar/data/1865975/000000000021009216/filename1.pdf
CORRESP 2021-07-09 https://www.sec.gov/Archives/edgar/data/1865975/000119312521211984/filename1.htm
S-1 S-1 2021-07-09 https://www.sec.gov/Archives/edgar/data/1865975/000119312521211965/d177739ds1.htm
UPLOAD 2021-07-02 https://www.sec.gov/Archives/edgar/data/1865975/000000000021008244/filename1.pdf
DRS 2021-06-07 https://www.sec.gov/Archives/edgar/data/1865975/000095012321007611/filename1.htm