Viveon Health Acquisition in an 8-K said it signed a non-redemption agreement for an unspecified number of shares held by institution investors, In return, the investors would receive 150,000 shares that the SPAc’s sponsor would forfeit.
Viveon held a shareholders meeting yesterday to vote on an extension from March 31 to Sept. 30 as it works to complete a deal with Clearday, although the vote results have not yet been released. The target is a longevity technology company using an integrated platform of robotic companion care and AI-driven technology to serve the senior adult care sector.
The SPAC had about $20 million on hand when the merger was announced in April last year. Viveon raised $201.25 million in a December 2020 IPO, although redemptions since then have carved out the trust. Read more.
