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What You Ought to Know:
– Clearday, an progressive longevity expertise firm utilizing an built-in platform of robotic companion care and AI-driven technology to serve the senior grownup care sector, and Viveon Well being Acquisition Corp., a particular goal acquisition (SPAC) firm have entered right into a definitive merger settlement.
– The mixed firm’s professional forma fairness valuation (assuming no share redemptions) is predicted to be roughly $370M. VHAQ at the moment has $20M held in a belief account at Morgan Stanley with Continental Inventory Switch & Belief Firm performing as trustee, which was established in reference to VHAQ’s IPO.
– Beneath the phrases of the proposed transaction, VHAQ will situation 25 million shares to safety holders of Clearday. Clearday safety holders may additionally obtain as much as a further 5 million earn out shares (“Firm Earn Out Shares”) if the corporate achieves profitability for a 12 month interval inside the first 5 years after the closing of the transaction.
Clearday Background
Clearday is transitioning from proudly owning and working senior-care amenities right into a high-growth expertise enterprise serving the large, urgent, and costly longevity care disaster dealing with our ageing inhabitants. The Firm’s care resolution is a mix of AI-enabled robotics and software program, delivered in a Platform-as-a-Service that may be a drop-in modernization resolution for current resident care amenities which improves affected person outcomes, will increase employees effectivity, and unlocks premium income alternatives for operators.
Clearday has positioned itself to grow to be the business’s API for ageing in place, able to increasing throughout the ageing continuum to fulfill affected person wants in residential care and expert nursing amenities, and ultimately as they age at residence. Solely Clearday’s platform integrates the mandatory autonomous companionship, care intelligence, and affected person information platform to handle the challenges within the huge longevity care area.
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