PYMNTS.com November 7, 2021
DocGo, a mobile health services provider, has merged with a special purpose acquisition company (SPAC), Motion Acquisition Corp., and plans to begin trading on Nasdaq Monday (Nov. 8), according to a press release.
The deal will allow DocGo to continue investing in geographic expansion, which will let it serve more businesses and joint venture partners, TheStreet reported. The merger gives the company an equity value of $1.1 billion.
“We are thrilled to announce the completion of our business combination with Motion and advance to this next chapter as a public company,” DocGo CEO Stan Vashovsky said in the release. “Today represents a significant milestone in our journey, and we are eager to use this additional capital to...
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