DFB Healthcare/AdaptHealth Release Redemption Info
by Kristi Marvin on 2019-11-14 at 11:16am

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….

 

DFB Healthcare/AdaptHealth Release Redemption Info
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