Viveon Health Acquisition in a proxy filing seeks shareholder approval to push its completion date back to Sept. 30 in monthly increments. The SPAC has a merger agreement with Clearday, a longevity technology company using an integrated platform of robotic companion care and AI-driven technology to serve the senior adult care sector.
The amount of any deposit the SPAC would make into trust for each monthly extension has not yet been publicized. The vote is scheduled for March 27.
That deal was announced last April and in August the parties agreed to increase the consideration from $250 million to $500 million (plus the aggregate exercise price for all Clearday options and warrants).
The SPAC had had about $20 million on hand when the merger was announced. Viveon raised $201.25 million in a December 2020 ipo, although redemptions since then have carved out the trust. Read more.
Source: Viveon Health Pursues 4th Extension While Working on Clearday Deal
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- Source: https://spacfeed.com/viveon-health-pursues-4th-extension-while-working-on-clearday-deal
