Larkspur Health (NASDAQ:LSPR) announced that its shareholders have approved its business combination with car-sharing marketplace Getaround during a special meeting held on Thursday, December 8.
At the special meeting, 7,329,316 shares of common stock of the company or 73.08% of the shares entitled to vote were present. The deal was overwhelmingly approved by shareholders as it received 6,543,525 votes in favor of it and just 785,791 against it.
The SPAC disclosed in an 8-K that 7,667,029 shares were tendered for redemption, removing 98.711% from Larkspur Health’s trust and leaving it with just 100,141 shares.
Now that the deal is closed, ZyVersa’s common stock is expected to begin trading on the Nasdaq under the ticker symbol “ZVSA” today, December 13, 2022. Larkspur’s warrants that were previously traded under the symbol “LSPRW” will no longer be listed for trading.
The parties initially announced the $108.9 million combination on July 21, 2022. Weston, Florida-based ZyVersa is developing clinical and preclinical treatments for a variety of inflammatory diseases affecting the kidneys and nervous system.
The combined company will operate as ZyVersa Therapeutics, Inc., under ZyVersa’s previous management team, led by Stephen C. Glover, Co-Founder, Chief Executive Officer, and Chairman of ZyVersa. Daniel J. O’Connor, who was Chairman and Chief Executive Officer of Larkspur, will join ZyVersa’s Board of Directors.
Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th. Hainan Sirius Acquisition Corp. filed first on Thursday and...
Latest SPAC Liquidations: LF Capital Acquisition Corp. II LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023 LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. The redemption of the Public Shares is expected to be completed on...
Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp. Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock. In exchange for the foregoing...
Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m., Eastern Time. Twin Ridge intends to hold the new meeting at 11:30 a.m., Eastern Time, on October 3, 2023. Additional details were not given as to...
Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement. The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the...