One of the companies on that list, SC Health Corporation (stock symbol: SCPE) has scheduled a special shareholders meeting on January 12 for the purpose of extending the company's merger deadline from January 16, 2021 to April 16, 2021.
Schedule 14-A
Yesterday, in an effort to gin up some enthusiasm for the vote, the company filed the following press release::
Singapore – January 5, 2021 –SC Health Corp. (NYSE: SCPE) (the “Company”) announced today it has entered into a non-binding letter of intent (the “Letter of Intent”) with a next generation technology developer (the “Target”) for an initial business combination.
The Target has developed a unique technology targeting consumer healthcare applications that delivers market-leading performance and accuracy. The Target is led by a world class management team with significant experience in leading innovative, high-growth companies in the sector. SC Health’s management team believes the Target is a compelling investment opportunity given its cutting-edge technology and commercial opportunity.
AJ Coloma, the Company’s Chief Executive Officer, said “The Target is a highly differentiated and innovative player that is expected to revolutionize consumer health & wellness technology. This acquisition will provide the Target with capital to support its product launch and commercialization strategy as well as provide our investors with the opportunity to participate in a next generation healthtech play.”
Completion of the transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the Company’s stockholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
Press Release
SCPE is trading at $10.46 this morning. |
