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BETHESDA, Md., Dec. 22, 2020 /PRNewswire/ -- Healthcare Services Acquisition Corporation (the "Company") 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 ("Nasdaq") 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. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from B. Riley Securities, Inc., at 1300 17th Street N., Suite 1400, Attn: Syndicate Prospectus Department, Arlington, Virginia 22209, by telephone at (800) 846-5050 or by email at [emailprotected]. A registration statement relating to the securities became effective on December 22, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on December 28, 2020, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the Company's plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website, at www.sec.gov.The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact:Jackie Tilden[emailprotected](214) 914-7652 SOURCE Healthcare Services Acquisition Corporation

Answer: Healthcare Services Acquisition Corporation Announces Pricing of Upsized $288 Million Initial Public Offering