DocGo (NASDAQ:DCGO), which combined with Motion in November 2021, announced that it will redeem all of its outstanding warrants at 5 pm ET September 16 at a redemption price of $0.10 per warrant.
Holders may also swap their warrants on a cashless basis for 0.2233 of a common share as a part of the exchange. The company is allowed to launch this call because the last share price of its shares was $10 or above on August 12.
In fact, the company has been on a tear, rising +31.3% over the past month. It closed yesterday at $10.20 on the backs of three successive profitable quarters as a public company. DocGo most recently beat its second quarter revenue estimates by about 10% and upped its revenue guidance for the year.
Holders may also exercise their warrants at $11.50 per share until September 16.
DocGo provides “last-mile” medical services such as medical transportation and telehealth, and it has been active in providing mobile COVID-19 stations throughout the country. This morning, it also announced that it has been contracted to provide mobile health services to Medicare-eligible patients covered by New Jersey’s largest health insurer, Horizon.
At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...