Download
Download by
Scanning QR Code
  • Download app

    Download app

  • Online Inquiry

    Log in to access Online Inquiry
+
Congratulations
You've successfully got advanced quotes worth 5000 HKD
Download APP >>

Cardio Diagnostics to Go Public Through Merger With Mana Capital Acquisition

MT Newswires ·  {{timeTz}}

11:11 AM EDT, 05/31/2022 (MT Newswires) -- Cardio Diagnostics will become a public company through a merger agreement with Mana Capital Acquisition (MAAQ), a blank check firm, according to the companies' joint statement on Tuesday.

The combined business, which will be called Cardio Diagnostics Holdings, is expected to have an equity market capitalization of $175 million and to be listed on Nasdaq under the ticker symbol, "CDIO."

Existing Cardio Diagnostics shareholders will roll all of their equity holdings into the combined business, according to the statement.

The deal is expected to close in the second half of the year, subject to regulatory and stockholder approvals and other conditions.

Price: 9.92, Change: -0.02, Percent Change: -0.20

Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.