Digital Health Acquisition announced that it received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective today. Stock, units and warrants will continue to trade under the symbols DHAC, DHACU and DHACW.
The company had been notified for falling out of compliance with certain continued listing requirements for the Nasdaq Global.
Digital Health has mergers pending with VSee Lab, a telehealth software company, and iDoc Telehealth, a neurocritical care and intensive care telehealth provider. At deal announcement the transaction had a valuation of approximately $110 million for the combined entity.
The SPAC is facing a Nov. 8 completion deadline.
The SPAC since January has added two backstops for up to $2 million and securites purchase agreements to support the deals. Read more.
