Deerfield Healthcare Technology Acquisitions said it has set a June 4 meeting for shareholders to vote on the SPAC’s proposed mergers with CareMax Medical Group and IMC Medical Group Holdings. This follows the SEC’s completed review of the proxy on the deal.
Announced in December, total consideration for CareMax will be approximately $364 million, net of debt, while total consideration to IMC Health equity holders will be $250 million, also net of debt.
To sweeten the deal, current CareMax shareholders will be entitled to receive an additional earn out payment of up to 6.4 million shares of CareMax common stock, with 50 percent of those shares vesting if the stock of the company trades at or above $12.50 during in first 12 months after closing and the balance of the shares will vest if the stock trades at or above $15 during the first 24 months after closing. Read more.
