Welcome to our dedicated page for OAC news (Ticker: OAC), a resource for investors and traders seeking the latest updates and insights on OAC stock.
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Hims & Hers Health announced its business combination with Oaktree Acquisition Corp., approved by shareholders on January 19, 2021. The deal, effective January 21, 2021, positions Hims & Hers to lead the telehealth industry with a focus on enhancing customer experience. The merger yielded approximately $279.5 million in proceeds, including $204.5 million from Oaktree's trust account and $75 million from PIPE investors. Hims & Hers aims to provide affordable healthcare through a multi-specialty telehealth platform.
Oaktree Acquisition Corp. (“OAC”) (NYSE: OAC) is encouraging shareholders to attend its extraordinary general meeting on January 19, 2021, via teleconference due to COVID-19 concerns. This meeting aims to vote on proposals related to the previously announced Merger Agreement with Hims, Inc. Shareholders can dial in to participate and pose questions to management. OAC has filed a Registration Statement and sent a definitive proxy statement/prospectus to shareholders, providing essential information regarding the Business Combination.
