The extension will give the SPAC, another year to finalize its long-stalled merger with the parent company of the pro-Trump social network Truth Social.
The Latest SPAC News and Rumors: September 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Babylon Health sells majority of UK assets to eMed and Truth Social extends deadline, avoiding liquidation
Babylon Health sells majority of UK assets to eMed
London-based multinational digital health firm Babylon has sold almost all of its U.K. assets to digital health company eMed Healthcare U.K., a subsidiary of U,S, company eMed, after announcing in early August that its deal to merge with Swiss tech firm MindMaze was canceled.
Babylon Healthcare Services Limited, the piece of Babylon purchased by eMed and the bulk of what remained of Babylon Health, includes a U.K.-based telehealth practice focused on preventative care that contracts with healthcare providers. Financial terms of the sale were not disclosed.
READTruth Social investment partner extends deadline, avoiding liquidation
Shareholders in Digital World Acquisition (NASDAQ:DWAC), the investment partner of former president Donald Trump’s media start-up, approved an extension of the company’s merger deadline, giving it more time to complete the deal, Digital World said Tuesday.