LAMF Global Ventures I announced that its board decided to extend the deadline date to complete a deal to April 16. The additional two months mark the fourth and fifth of up to six monthly extensions available.
The SPAC has a merger agreement with Nuvo Group, which 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 in earnouts upon Nuvo achieving certain commercial milestones. Read more.