Brief: Aesther Healthcare Acquisition Corp (Nasdaq Aeha) And Ocean Biomedical, Inc. Announce Execution Of A Second Up To $40 Million Backstop Agreement, For A Total Of Up To $80 Million

Ocean Biomedical

05/10/2022 12:51

Oct 5 (Reuters) - Aesther Healthcare Acquisition Corp
 AEHA.O :
    * AESTHER HEALTHCARE ACQUISITION CORP (NASDAQ: AEHA) AND
OCEAN
BIOMEDICAL, INC. ANNOUNCE EXECUTION OF A SECOND UP TO $40
MILLION BACKSTOP AGREEMENT, FOR A TOTAL OF UP TO $80 MILLION
    * AESTHER HEALTHCARE ACQUISITION CORP - UPON CLOSING OF
BUSINESS
COMBINATION, OCEAN WILL BE A WHOLLY OWNED SUBSIDIARY OF AESTHER
    * AESTHER HEALTHCARE ACQUISITION CORP - ENTERED INTO TWO
SEPARATE
BACKSTOP AGREEMENTS FOR A TOTAL OF UP TO $80 MILLION
    * AESTHER HEALTHCARE ACQUISITION CORP - AESTHER WILL CHANGE
ITS
NAME TO OCEAN BIOMEDICAL, INC

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