Fierce Healthcare October 22, 2020
In what is becoming a trend in 2020, a third healthcare technology company plans to go public through a merger with a special purpose acquisition company (SPAC) in a blank check deal.
Augmedix recently secured $25 million in private placement financing and completed a reverse merger with Malo Holdings. The deal was announced earlier this month.
The combined company will rename itself Augmedix Inc. and list shares on the over-the-counter (OTC) market that lists early-stage and developing companies in the U.S. and international markets.
In connection with the financing, current investors Redmile Group, DCM and McKesson Ventures contributed alongside new investors.
Private companies will look to merge with a SPAC or blank check company as a nontraditional route to go...
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