Intelligent Medicine Acquisition Corp. Announces Adjournment of Special Meeting of Stockholders

Rhea-AI Summary

Intelligent Medicine Acquisition Corp. (Nasdaq: IQMD) has postponed its Special Meeting of Stockholders, originally scheduled for February 3, 2023, to February 8, 2023. The meeting will be held virtually, allowing stockholders to participate online. No changes have been made to the record date or the deadline for stockholders to redeem their public shares, which is due by February 6, 2023. Proxies already tendered will remain valid for the postponed meeting. Interested parties can access the proxy statement and other relevant documents through the SEC website or contact Morrow Sodali LLC for assistance.

Positive

• No changes to record date or redemption deadline, providing certainty for stockholders.
• Virtual meeting format enhances accessibility for stockholders.

Negative

• Postponement may indicate potential issues with the business combination.
• Uncertainty remains regarding the completion of the business combination, as highlighted in forward-looking statements.

BETHESDA, Md.--(BUSINESS WIRE)-- Intelligent Medicine Acquisition Corp. (Nasdaq: IQMD) (the “Company”) announced today that it has postponed the Company’s Special Meeting of Stockholders to be held on February 3, 2023, at 9:30 a.m. Eastern Time until February 8, 2023, at 9:30 a.m. Eastern Time. The postponed Special Meeting will be completely virtual, and stockholders will be able to attend the special meeting online, vote and submit questions by visiting https://www.cstproxy.com/iqmdspac/2023. There will be no change in the record date as a result of this postponement or the date by which stockholders must have elected to redeem their public shares, and proxies tendered prior to the postponed date will not need to be voted again.

Stockholders may elect to redeem their public shares for a pro-rata portion of the funds held in the Trust Account, by no later than February 6, 2023, by tendering their shares either by delivering their share certificates to the transfer agent or by delivering their shares electronically using the Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) system. If you hold your shares in street name, you will need to instruct your bank, broker or other nominee to withdraw the shares from your account in order to exercise your redemption rights.

The Company’s stockholders and other interested persons are advised to read the proxy statement. Stockholders are also able to obtain copies of the proxy statement and other relevant materials filed with the Securities and Exchange Commission (the “SEC”), without charge, at the SEC’s web site at www.sec.gov, or by directing a request to the Company’s proxy solicitor Morrow Sodali LLC, at (800) 662-5200 (toll free), or brokers and banks may call collect (203) 658-9400 You may contact Morrow Sodali by email at OLIT@investor.morrowsodali.com.

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K and subsequent reports filed with the SEC. Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230203005391/en/

Brian Ruby, ICR, brian.ruby@icrinc.com

Source: Intelligent Medicine Acquisition Corp.

FAQ

What is the new date for Intelligent Medicine Acquisition Corp.'s Special Meeting of Stockholders?

The Special Meeting of Stockholders has been postponed to February 8, 2023.

How can stockholders redeem their public shares for Intelligent Medicine Acquisition Corp.?

Stockholders can redeem their shares by February 6, 2023, either by delivering share certificates or electronically using the DWAC system.

Will there be any changes to the record date after the postponement of the Special Meeting?

No, there will be no changes to the record date as a result of the postponement.

What might the postponement of the Special Meeting indicate for IQMD investors?

The postponement may signal potential challenges regarding the upcoming business combination.

Where can stockholders access the proxy statement for Intelligent Medicine Acquisition Corp.?

The proxy statement and other documents can be accessed for free on the SEC's website.