SPAC Links Up With 2 Cos. To Form $1.35B Telehealth Giant
Law360 (November 23, 2020, 11:33 PM EST) -- A special purpose acquisition company launched by serial blank check company creator GigCapital Global unveiled plans Monday to merge with digital health care provider UpHealth and telemedicine solutions provider Cloudbreak to forge a publicly traded telehealth business with an enterprise value of $1.35 billion, in a deal guided by DLA Piper, Husch Blackwell and Sidley Austin.
GigCapital2, working with DLA Piper, said in a news release that its two separate merger agreements with UpHealth Holdings Inc. and Cloudbreak Health LLC would culminate in the combined entity being named UpHealth Inc. and debuting on the New York Stock Exchange under the ticker...
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