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Intel Chairman Gets Medtronic Backing for $750 Million SPAC IPO

  • Blank-check company to target health technology deals
  • Ishrak teams with Digital Surgery founder, hedge fund manager
Omar Ishrak

Omar Ishrak

Photographer: Qilai Shen/Bloomberg

Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in the health technology sector.

The special purpose acquisition company plans to sell 75 million units at $10 apiece, it said in a filing Wednesday, confirming an earlier Bloomberg News report. Each unit consists of one share of Compute Health’s class A common stock and one-quarter of a redeemable warrant.