Viveon Health Acquisition in a regulatory filing said it entered this week into subscription agreements with several lenders for a loan of up to $4 million. The subscribers for the notes are affiliates of thre SPAC’s , Viveon Health LLC. Up to $400,000 of the principal amount is being funded by CFO Rom Papadopoulos.
Under terms of the subscription agreements, the subscribers shall receive warrants to purchase a share of the SPAC’s stock for every $2 of funding — up to 2 million shares — at an exercise price of $11.50 per share.
Viveon earlier this week announced its investors approved extending the merger deadline until as far as Dec. 28 without further stockholder approval.
The purpose of the extension is to give Viveon Health more time to conclude its proposed merger with Suneva Medical. Based in San Diego, CA, Suneva develops regenerative aesthetics solutions. Read more.
