Longevity Health Holdings Updates Merger Terms with True Health and TMG
Reuters
Nov 08
Longevity Health Holdings Updates Merger Terms with True Health and TMG
Longevity Health Holdings Inc. has amended its previously disclosed agreement to acquire True Health Inc. and Truehealth Management Group LLC. Under the updated terms, the number of Longevity common shares to be issued in the deal will be determined by dividing $59 million by the lower of the company's market price or $3.00 per share, with adjustments possible for stock splits and other corporate actions. An additional $20 million worth of shares may be issued as earnout consideration, calculated using the same price formula. The market price will be based on the volume weighted average closing price over the 15 trading days prior to the merger's effective date.
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