LAMF Global Ventures I in a regulatory filing said it issued an unsecured promissory note to its sponsor, through which the company may borrow up to $1.2 million. LAMF Global Ventures I has three remaining monthly extensions available.
The SPAC has a merger agreement with Nuvo Group, which has developed an FDA-cleared remote pregnancy monitoring platform.
The target has developed an FDA-cleared remote pregnancy monitoring platform.
The transaction at deal announcement last August valued Nuvo at a pre-money equity valuation of $269 million and up to approximately $300 million upon Nuvo achieving certain commercial milestones. Read more.
Source: LAMF Global Ventures I Secures up to .2M Loan From Sponsor