LMF Acquisition entered an agreement with SeaStar Medical and Vellar Opportunity Fund SPV for a prepaid forward agreement for up to 1.5 million recycled shares with no obligation.
The seller has agreed to hold the recycled shares in a bankruptcy remote special purpose vehicle for the benefit of LMF until the closing of its business combination with SeaStar Medical.
A vote on the merger is scheduled tomorrow. Announced in April, the deal has a combined enterprise value of $85 million. Read more.
