By Dean Seal
The blank-check company Viveon Health Acquisition has amended its merger agreement with Clearday to double the consideration it will pay to $500 million in Viveon shares.
The special purpose acquisition company's chief executive, Jagi Gill, said Tuesday that Viveon has been working closely with the healthcare-services company for months and believes it has added considerably to its platform's ability to serve the addressable longevity care market, which is estimated to be more than $275 billion.
Gill added that Viveon looks forward to closing the merger "in the near future."
The parties first agreed to merge in April, a combination that would allow Clearday's shares to be listed on the NYSE American exchange.
In addition to the higher consideration, the amendment provides for holders of Clearday's capital stock to be entitled to a pro rata portion of the earnout shares.
Write to Dean Seal at dean.seal@wsj.com
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August 29, 2023 at 10:31PM
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Viveon SPAC Doubles Payment for Clearday Tie-Up to $500 Million - MarketWatch
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