SPAC HealthCor Catalio up on deal to take med tech cos public

Hyperfine

08/07/2021 13:59

** Shares of blank-check firm  HCAQ.O  rise 2.9% to $10.02
premarket
    ** Med tech cos Hyperfine Inc and Liminal Sciences to go
public through combination with HCAQ in deal valued at $580 mln,
including debt  urn:newsml:reuters.com:*:nBw3LQBVra
    ** HCAQ says it will be renamed as Hyperfine Inc and
combined co will be listed on Nasdaq under ticker symbol "HYPR"
    ** Deal supported by $126 mln private investment from
institutional investors including HealthCor Management LP,
Catalio Capital Management and Perceptive Advisors - HCAQ
    ** Combined co expected to have about $375 mln in cash after
deal close, expected in Q4
    ** Combined co will have synergistic advantages in the MRI
and brain sensing technology market, says HCAQ
    ** HCAQ had fallen 2.7% since its market debut in late
January

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))