Digital Health Acquisition in an 8-K filing said it signed agreements for PIPE funding of at least $10 million. The funds will be used to support the SPAC’s proposed acquisition of VSee Lab, a telehealth software company, and iDoc Telehealth, a neurocritical care and intensive care telehealth provider.
The newly merged company will bring together the organizations and leadership teams of San Jose, California-based VSee, and Houston-based iDoc with the Nasdaq-listed SPAC.
The SPAC raised $115 million in an IPO last November.
If approved, upon closing the renamed company, VSee Health, would be listed on the Nasdaq under proposed new ticker symbol VSEE. The transaction has a valuation of approximately $110 million for the combined entity. Read more.
