Brief: Alpha Healthcare Acquisition III Announces Non-Binding Letter Of Intent To Acquire Commercial Stage Regenerative Medicine Company

Longevity Health Holdings

27/06/2023 13:29

June 27 (Reuters) - Alpha Healthcare Acquisition Corp
III  ALPA.O :
    * ALPHA HEALTHCARE ACQUISITION CORP. III ANNOUNCES
NON-BINDING
LETTER OF INTENT TO ACQUIRE A COMMERCIAL STAGE REGENERATIVE
MEDICINE COMPANY CONDITIONED UPON CLOSING OF CARMELL BUSINESS
COMBINATION
    * ALPHA HEALTHCARE ACQUISITION CORP III - PER TERMS OF LOI,
TARGET
CO'S SHAREHOLDERS WILL RECEIVE $65 MILLION IN INITIAL EQUITY
VALUE
    * ALPHA HEALTHCARE ACQUISITION CORP III - TARGET CO TO ALSO
RECEIVE $75 MILLION IN MILESTONE EQUITY PAYMENTS
    * ALPHA HEALTHCARE ACQUISITION CORP III - UPON CLOSING OF
TRANSACTION, TARGET CO WOULD OPERATE AS WHOLLY OWNED SUBSIDIARY
OF COMBINED CO

Source text for Eikon:  ID:nBw5fYPRza 
Further company coverage:  ALPA.O 

 ((reuters.briefs@thomsonreuters.com;))