DFB Healthcare/AdaptHealth Release Redemption Info
DFB Healthcare Acquisition Corp., which recently announced shareholders have approved their business combination with AdaptHealth Holdings, LLC (AHCO), filed additional documents via an 8-K this morning. DFB/AdapHealth did not indicate the redemption price per share, but they did disclose the total amount redeemed at their vote, which was $213.665 million. DFB Healthcare had approximately $256 million held in trust going into the vote, so that means roughly $42.3 million remained, or 16.5%. Post-combination close, DFB would have had north of 4 million SPAC shares in their float, so they easily met the Nasdaq listing standards.
We have two more votes tomorrow – OPES to extend, and TPGH to complete. Plus, TKKS closes their tender offer at 5PM. We might also have a “bonus” extension vote if TMCX needs to extend. However, hopefully TMCX will be able to close their combination before then and that becomes unnecessary. Stay tuned….