Artemis Strategic Investment Corporation - ARTEU STOCK NEWS

Danam Health, Inc. and Artemis Strategic Investment Corporation have entered into a definitive agreement and plan of merger. The transaction will support Danam with access to capital markets and accelerate the development of its health ecosystem model. The pro forma equity value of the combined company is expected to be approximately $200 million. The merger is expected to be completed in the fourth quarter of 2023.

Novibet, an established iGaming and Online Sportsbook provider, announced new senior management appointments and the future Board of Directors composition following its merger with Artemis Strategic Investment Corporation (Nasdaq:ARTE). Key appointments include Christoforos Bozatzidis as CMO for International Markets and Thomas Granite as CFO. The new leadership aims to enhance Novibet's expansion into regulated markets across Europe, North America, and Latin America. The business combination is expected to close in H2 2022, pending shareholder approval.

Artemis Strategic Investment Corporation (NASDAQ:ARTEU) closed its initial public offering of 20,125,000 units at $10.00 per unit, including 2,625,000 units from the underwriters' over-allotment. Trading began on September 30, 2021. Each unit includes one Class A common stock and one-half redeemable warrant, with warrants priced at $11.50. Following separation, Class A common stock and warrants will trade under ARTE and ARTEW symbols, respectively. The funds raised aim to pursue business combinations in gaming and entertainment sectors.