Brief: Diacarta To Become A Publicly Listed Company Through Merger With HH&L Acquisition Co.

HH&L Acquisition Co

14/10/2022 13:05

Oct 14 (Reuters) - HH&L Acquisition Co  HHLA.N :
    * DIACARTA TO BECOME A PUBLICLY LISTED COMPANY THROUGH
MERGER WITH
HH&L ACQUISITION CO.
    * DIACARTA TO BECOME A PUBLICLY LISTED COMPANY THROUGH
MERGER WITH
HH&L ACQUISITION CO.
    * HH&L ACQUISITION CO - TRANSACTION IS EXPECTED TO PROVIDE
DIACARTA WITH ACCESS TO APPROXIMATELY $414 MILLION CASH FROM
HH&L'S IPO PROCEEDS HELD IN TRUST
    * HH&L ACQUISITION CO - UPON CLOSING OF TRANSACTION,
COMBINED
COMPANY WILL BE LISTED ON NEW YORK STOCK EXCHANGE
    * HH&L ACQUISITION CO - COMBINED COMPANY WILL CONTINUE TO BE
BASED
IN PLEASANTON, CALIFORNIA
    * HH&L ACQUISITION CO - IMPLIES A PRE-MONEY EQUITY VALUE OF
$460
MILLION FOR DIACARTA ON A FULLY DILUTED BASIS AND IS EXPECTED TO
CLOSE IN Q1 OF 2023
    * HH&L ACQUISITION CO - COMBINED COMPANY WILL BE LED BY
AIGUO
(ADAM) ZHANG, FOUNDER AND CHIEF EXECUTIVE OFFICER OF DIACARTA
    * HH&L ACQUISITION -BEFORE CLOSING OF BUSINESS COMBINATION,
BOTH
HH&L & DIACARTA TO DEREGISTER IN CAYMAN ISLANDS & DOMESTICATE AS
DELAWARE CORPORATIONS
    * HH&L ACQUISITION- WHOLLY-OWNED SUBSIDIARY OF HH&L WILL
MERGE
WITH & INTO DIACARTA AND DIACARTA WILL SURVIVE MERGER AS A
WHOLLY OWNED SUBSIDIARY OF HH&L
    * HH&L ACQUISITION CO - HH&L WILL THEN CHANGE ITS NAME TO
"DIACARTA, INC."

Source text for Eikon:  ID:nBw9wGWHba 
Further company coverage:  HHLA.N 
 ((Reuters.Briefs@thomsonreuters.com;))