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GigCapital2, Inc. (NYSE: GIX, GIX.U, GIX.RT, GIX.WS) has completed its business combinations with UpHealth Holdings, Inc. and Cloudbreak Health, LLC, now collectively known as UpHealth, Inc. The new stock symbols will be UPH and UPH.WS starting June 10, 2021. The merger is expected to strengthen UpHealth’s capital structure and support its growth strategy in digital health technology. Dr. Ramesh Balakrishnan highlights the acceleration of their digital care model, while Cloudbreak’s CEO emphasizes enhancing healthcare accessibility and experience globally.
GigCapital2, Inc. (NYSE: GIX, GIX.U) announced that stockholders approved business combinations with UpHealth Holdings and Cloudbreak Health during a special meeting on June 4, 2021. Over 94.4% of votes supported the proposals, involving approximately 65.7% of outstanding shares. Post-combination, both companies will become wholly-owned subsidiaries of GigCapital2, which will be renamed UpHealth, Inc., and shares are expected to trade under new symbols from June 9, 2021. A Form 8-K detailing the voting results will be submitted to the SEC.
GigCapital2, Inc. (NYSE: GIX) has received SEC approval for its Registration Statement, facilitating a Special Meeting of stockholders on June 4, 2021, to vote on proposed business combinations with UpHealth Holdings and Cloudbreak Health. The record date for voting is April 26, 2021. If approved, UpHealth and Cloudbreak will become wholly-owned subsidiaries of GigCapital2, which will be renamed UpHealth, Inc. Post-combination, GIX is expected to trade as UPH and UPH.WS. Stockholders exercising redemption rights must act by June 2, 2021.
UpHealth Holdings announced the appointment of Jay Jennings as the new Chief Accounting Officer (CAO). This move is significant as UpHealth transitions into a public company following its business combination with GigCapital2 (NYSE: GIX). Jennings, a seasoned CPA, has over 30 years of experience, including serving as the Principal Accounting Officer at eHealth, Inc.. His expertise in growing finance teams and managing complex accounting functions is expected to support UpHealth's ongoing operations and public listing.
GigCapital2 (NYSE: GIX) announced stockholder approval for an extension of its business combination deadline from March 10, 2021, to June 10, 2021. The extension aims to finalize S-4 documents filed with the SEC for merging with UpHealth Holdings and Cloudbreak Health. This move aligns with the company's strategy to enhance its digital health services portfolio, positioning itself as a key player in telehealth solutions.
GigCapital2 focuses on Private-to-Public Equity opportunities, spearheaded by industry experts to support innovative technology companies.
GigCapital2, Inc. (NYSE: GIX) has postponed its special stockholders' meeting from March 8, 2021, to March 10, 2021. This meeting concerns an important Extension Amendment proposal. Stockholders seeking redemption related to this amendment must submit their requests to the transfer agent by 5:00 PM EST on March 8, 2021. GigCapital2 is focused on its proposed acquisitions involving UpHealth Holdings, Inc. and Cloudbreak Health, LLC, aiming to enhance its business objectives in the Technology, Media, and Telecom sectors.
GigCapital2, Inc. (NYSE: GIX) has announced a virtual special meeting for stockholders on March 8, 2021, to vote on an extension amendment to its Amended and Restated Certificate of Incorporation. The Board of Directors unanimously recommends voting "FOR" the proposal, emphasizing the importance of each stockholder's vote. Those who wish to participate can vote via email, telephone, or mail, with a requirement of 65% approval from outstanding shares for the amendment to pass. The company encourages prompt voting to ensure all shares are counted.
GigCapital2 (NYSE: GIX) is urging stockholders to vote for an extension of the deadline to complete business combinations with UpHealth Holdings and Cloudbreak Health. The special meeting will take place virtually on March 8, 2021. This extension is necessary to finalize these previously announced mergers. Stockholders are encouraged to submit their votes promptly, and voting options include online, by phone, or by mail. The company emphasizes the importance of each stockholder's vote in this decision-making process.
GigCapital2 (NYSE:GIX) has successfully raised $285 million for its merger with UpHealth and Cloudbreak, comprising 3 million shares at $10.00 each and $255 million in 5-year unsecured convertible notes. The notes bear a 6.25% annual interest rate and convert at $11.50. This funding is aimed at accelerating the global digital transformation in healthcare. With this capital, Cloudbreak aims to enhance its telehealth services, providing over 1.5 million minutes of virtual consultations each month.
UpHealth Holdings announced that GigCapital2 raised $285 million from institutional investors as part of its business combination. This amount includes 3 million shares priced at $10 each and $255 million in unsecured convertible notes at a 6.25% interest rate, convertible into shares at $11.50. UpHealth expects to leverage this capital for domestic growth across 1,800 healthcare systems and global expansion. The combined entity will be named UpHealth, Inc. and listed under the ticker symbol 'UPH', following the merger with Cloudbreak Health.
