Vision Sensing Acquisition (VSAC) Reports Definitive Merger Agreement with Mediforum
Shots:
- VSAC & Mediforum have signed a merger agreement for a proposed business combination to be listed on NASDAQ under a new ticker symbol
- The merger consideration for the transaction is $250M, with shareholders of the BVI company receiving 25M Class A ordinary shares of PubCo, valued at $10.00 per share, upon closing
- The merger will form a new company, PubCo, to facilitate the business combination and serve as the publicly traded holding company post-closure. Before closing, Mediforum will undergo restructuring and redomestication to the BVI. Merger Sub 1 (a BVI company) will merge with the BVI Company (Initial Merger), with the BVI Company as the surviving entity. Merger Sub 2 (a Delaware company) will merge with VSAC (SPAC Merger), with VSAC as the surviving entity. Both of them will be wholly owned subsidiaries of PubCo
Ref: Globenewswire | Image: Vision Sensing Acquisition
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Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.
