Tiger Woods-Backed SPAC Files to Seek Sports and Health Targets

Tiger WoodsPhotographer: Phelan M. Ebenhack
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A blank-check company backed by professional golfer Tiger Woods filed to raise $150 million in an initial public offering.

Sports & Health Tech Acquisition Corp., based in Orlando, Florida, said in its filing Thursday with the U.S. Securities and Exchange Commission that it plans to seek a merger target in the sports or health technology sectors with an enterprise value of $600 million to $1 billion.