LMF Acquisition Shares Rise 18% After Stockholders Approve SeaStar Deal

Dow Jones

2022-10-20

By Josh Beckerman

Shares of blank-check company LMF Acquisition Opportunities Inc. gained 18% to $10.11 after stockholders approved its combination with SeaStar Medical Inc.

The shares were briefly paused due to volatility twice on Wednesday morning.

LMF Acquisition, which is backed by LM Funding America Inc., said in April that the deal had an enterprise value of about $85 million for SeaStar, which is developing technology intended to reduce the consequences of excessive inflammation on vital organs.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 19, 2022 13:59 ET (17:59 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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