Healthwell Acquisition Corp. I Announces Cancellation Of Special Stockholder Meeting And Its Intention To Liquidate; Estimated Redemption Price Of Approximately $10.50 Per Share

Benzinga · Nov 20, 2023 04:29

Healthwell Acquisition Corp. I ("Healthwell") (NASDAQ:HWEL) announced today that (i) its previously announced special meeting of stockholders that was scheduled for December 4, 2023 has been cancelled, and that it has withdrawn from consideration by Healthwell's stockholders the proposals set forth in Heatlhwell's Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission (the "SEC") on November 13, 2023 and (ii) it intends instead to liquidate.

The board of directors of Healthwell (the "Board") has determined to (i) cease all operations except for the purpose of winding up as soon as practicable, (ii) as promptly as reasonably...

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