Sept 29 (Reuters) - DTRT Health Acquisition Corp
:
* CONSUMER DIRECT HOLDINGS, A LEADING SELF-DIRECTED PERSONAL CARE NETWORK, ANNOUNCES PLANS TO BECOME A PUBLICLY TRADED COMPANY VIA MERGER WITH DTRT HEALTH ACQUISITION CORP.
* DTRT HEALTH ACQUISITION CORP - TRANSACTION IS EXPECTED TO DELIVER $234 MILLION OF CASH HELD IN DTRT'S TRUST ACCOUNT
* DTRT HEALTH ACQUISITION CORP - TRANSACTION IMPLIES AN ENTERPRISE VALUATION FOR CDH OF $681 MILLION
* DTRT HEALTH ACQUISITION CORP - TRANSACTION IS EXPECTED TO DELIVER UP TO $150 MILLION IN DEBT FINANCING
* DTRT HEALTH ACQUISITION CORP - COMBINED COMPANY WILL BE CALLED CONSUMER DIRECT CARE NETWORK, INC. UPON CLOSING OF TRANSACTION
* DTRT HEALTH ACQUISITION CORP - DEAL ANTICIPATED TO RESULT IN A COMBINED CO HAVING UP TO $300 MILLION OF TOTAL AVAILABLE LIQUIDITY ON A CONSOLIDATED BASIS
* DTRT HEALTH ACQUISITION CORP - COMBINED COMPANY EXPECTED TO BE LISTED ON NASDAQ UNDER A NEW TICKER SYMBOL ("CDCN")
* DTRT HEALTH ACQUISITION - CONSUMER DIRECT CARE NETWORK, WILL BE LED BY BEN BLEDSOE, CDH'S CURRENT CEO AND PRESIDENT, AND CURRENT LEADERSHIP TEAM
* DTRT HEALTH ACQUISITION CORP - CDH'S CURRENT EQUITY HOLDERS WILL OWN APPROXIMATELY 61% OF PRO FORMA COMPANY IMMEDIATELY AFTER CLOSING
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