DTRT Health Acquisition Corp - Ordinary Shares - Class A

NASDAQ:DTRT   3:59:51 PM EDT
10.42
+0.16 (+1.56%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Consumer Direct Holdings To Become Publicly Traded Co Via Merger With Dtrt Health Acquisition

Published: 09/29/2022 11:45 GMT
DTRT Health Acquisition Corp - Ordinary Shares - Class A (DTRT) - Consumer Direct Holdings, a Leading Self-directed Personal Care Network, Announces Plans to Become a Publicly Traded Company Via Merger With Dtrt Health Acquisition Corp.
Dtrt Health Acquisition Corp - Transaction is Expected to Deliver $234 Million of Cash Held in Dtrt's Trust Account.
Dtrt Health Acquisition Corp - Transaction Implies an Enterprise Valuation for Cdh of $681 Million.
Dtrt Health Acquisition Corp - Transaction is Expected to Deliver Up to $150 Million in Debt Financing.
Dtrt Health Acquisition Corp - Combined Company Will Be Called Consumer Direct Care Network, Inc. Upon Closing of Transaction.
Dtrt Health Acquisition Corp - Deal Anticipated to Result in a Combined Co Having Up to $300 Million of Total Available Liquidity on a Consolidated Basis.
Dtrt Health Acquisition Corp - Combined Company Expected to Be Listed on Nasdaq Under a New Ticker Symbol ("cdcn").
Dtrt Health Acquisition - Consumer Direct Care Network, Will Be Led by Ben Bledsoe, Cdh's Current CEO and President, and Current Leadership Team.
Dtrt Health Acquisition Corp - Cdh's Current Equity Holders Will Own Approximately 61% of Pro Forma Company Immediately After Closing.