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Compute Health Acquisition Corp - CPUH STOCK NEWS

Welcome to our dedicated page for Compute Health Acquisition news (Ticker: CPUH), a resource for investors and traders seeking the latest updates and insights on Compute Health Acquisition stock.

Compute Health Acquisition Corp (CPUH) is a special purpose acquisition company (SPAC) focused on identifying and merging with businesses within the healthcare sector. The company's primary mission is to leverage its deep industry expertise and network to bring innovative, high-growth health tech companies to the public market.

Founded by a team of seasoned professionals with extensive experience in healthcare, technology, and finance, Compute Health Acquisition Corp seeks to capitalize on disruptive healthcare innovations. The company's strategic emphasis includes digital health, medical devices, diagnostics, biopharma, and other healthcare-related technology.

In recent developments, Compute Health Acquisition Corp has been actively pursuing potential acquisition targets that align with its vision of transforming healthcare delivery and outcomes. The company's approach involves rigorous due diligence to ensure it partners with organizations that possess strong growth potential, sustainable business models, and cutting-edge technology.

CPUH has also formed strategic alliances with key industry players to enhance its ability to identify and assess promising opportunities. These partnerships provide the company with additional insights and resources, further strengthening its position in the competitive healthcare market.

Financially, Compute Health Acquisition Corp is well-positioned with adequate capital raised through its initial public offering (IPO) to support its acquisition and growth objectives. The company's leadership is committed to transparency and delivering value to its shareholders through strategic investments and operational excellence.

Rhea-AI Summary
Allurion Technologies, Inc. completes business combination with Compute Health Acquisition Corp. and will commence trading on August 2, 2023 on the NYSE under ticker symbol 'ALUR'. The net proceeds from the transaction total approximately $100 million, exceeding the $70 million minimum closing condition.
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Allurion Technologies and Compute Health Acquisition Corp. have received stockholder approval for their business combination. Approximately 99.8% of the votes cast were in favor of the combination, representing approximately 87.7% of Compute Health's outstanding common stock. The closing of the business combination is expected to occur on or about August 1, 2023, and the combined company will operate as Allurion Technologies, Inc. and be listed on the New York Stock Exchange.
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Compute Health Acquisition Corp. announced that the proposal to amend the warrant agreement governing its outstanding warrants was approved by its warrant holders. The Business Combination between Allurion Technologies, Inc. and Compute Health is anticipated to close shortly after the approval of the relevant proposals at the Special Meeting.
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Allurion Technologies announces the appointment of Douglas Hudson to the Board of Directors and Tomer Stavitsky as VP of Corporate Development. Hudson brings deep experience in healthcare consumerization, while Stavitsky has expertise in healthcare M&A and partnerships. Allurion is going public through a business combination with Compute Health.
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Stockholders of Record as of July 3, 2023 are Eligible to Vote at Special Meeting on July 28, 2023
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Allurion Technologies and Compute Health Acquisition Corp. have announced updated terms to the warrant agreement that governs the outstanding warrants of Compute Health. The terms include changes to the exercise price, the number of shares exercisable, and the expiration date of the warrants.
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Allurion Technologies and Compute Health Acquisition Corp (NYSE: CPUH) have entered into a business combination agreement, positioning Allurion to become publicly listed as Allurion Technologies, Inc. This innovative company is focused on obesity treatment, featuring the Allurion Gastric Balloon, a swallowable gastric balloon that allows for procedure-less weight loss. Since its inception, Allurion has treated over 100,000 patients worldwide, achieving an average weight loss of 30 pounds. Revenue has surged from $20 million in 2020 to $64 million in 2022. The transaction includes significant investments from RTW Investments and other notable figures.

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FAQ

What is the market cap of Compute Health Acquisition (CPUH)?

The market cap of Compute Health Acquisition (CPUH) is approximately 318.6M.

What does Compute Health Acquisition Corp (CPUH) do?

CPUH is a special purpose acquisition company focused on merging with high-growth health tech companies.

What is the primary mission of CPUH?

The primary mission of CPUH is to leverage expertise in healthcare, technology, and finance to bring innovative health tech companies to the public market.

What sectors does CPUH focus on for acquisitions?

CPUH focuses on digital health, medical devices, diagnostics, biopharma, and other healthcare-related technology sectors.

How does CPUH ensure it selects the right acquisition targets?

CPUH conducts rigorous due diligence to identify organizations with strong growth potential, sustainable business models, and cutting-edge technology.

Has CPUH formed any strategic alliances?

Yes, CPUH has formed strategic alliances with key industry players to enhance its ability to identify and assess promising opportunities.

What is the financial condition of CPUH?

CPUH is well-positioned financially with adequate capital raised through its IPO to support its acquisition and growth objectives.

Who are the founders of CPUH?

CPUH was founded by a team of seasoned professionals with extensive experience in healthcare, technology, and finance.

What recent achievements has CPUH made?

CPUH has been actively pursuing potential acquisition targets and forming strategic alliances to strengthen its market position.

How does CPUH provide value to its shareholders?

CPUH aims to deliver value to its shareholders through strategic investments and operational excellence.

What is the ticker symbol for Compute Health Acquisition Corp?

The ticker symbol for Compute Health Acquisition Corp is CPUH.

Compute Health Acquisition Corp

NYSE:CPUH

CPUH Rankings

CPUH Stock Data

318.63M
9.22M
0.11%
51.32%
0.01%
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United States
Wilmington