Altitude Acquisition Files Proxy on SynCardia Deal | SPAC Feed

Altitude Acquisition filed a preliminary proxy outlinging terms of its proposed merger with Picard Medical and unit SynCardia Systems. At announcement in April the deal had a pre-money enterprise value of $480 million. SynCardia is engaged in mechanical heart replacement technology.

If approved, upon closing Picard Medical Holdings would list on the Nasdaq.

Altitude shareholders last week approved an extension on closing the deal until March 11, 2024.

Terms call for the combined company to have at least $38 million in net cash at closing. Existing Picard Medical holders are rolling 100% of their equity into the merged enterprise.

Read more.

Source: Altitude Acquisition Files Proxy on SynCardia Deal

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://spacfeed.com/altitude-acquisition-files-proxy-on-syncardia-deal