BRIEF-Consumer Direct Holdings To Become Publicly Traded Co Via Merger With Dtrt Health Acquisition

Reuters
Sep 29, 2022

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

Source text for Eikon: Further company coverage:

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