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Assure | 8-K: Current report

SEC announcement ·  Jun 13 04:18
Summary by Futu AI
On June 11, 2024, Assure Holdings Corp. announced the termination of a previously agreed Merger Agreement with Danam Health, Inc. and its subsidiary, Assure Merger Corp. The agreement, initially disclosed on February 12, 2024, was intended to result in Danam becoming a wholly-owned subsidiary of Assure following a merger. However, Assure Holdings Corp. cited misrepresentations by Danam concerning its financial condition and ability to complete the acquisition transactions as the reason for the termination. Assure Holdings Corp. is now seeking reimbursement for all related fees, costs, and expenses incurred in the process of the agreement.
On June 11, 2024, Assure Holdings Corp. announced the termination of a previously agreed Merger Agreement with Danam Health, Inc. and its subsidiary, Assure Merger Corp. The agreement, initially disclosed on February 12, 2024, was intended to result in Danam becoming a wholly-owned subsidiary of Assure following a merger. However, Assure Holdings Corp. cited misrepresentations by Danam concerning its financial condition and ability to complete the acquisition transactions as the reason for the termination. Assure Holdings Corp. is now seeking reimbursement for all related fees, costs, and expenses incurred in the process of the agreement.
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