Israeli pregnancy care Company Nuvo Group in SPAC deal
Israeli pregnancy care company, Nuvo Group has announced its plans to merge with LAMF Global Ventures Corp. I (LGVC), a publicly traded special purpose acquisition company (SPAC). The combined public company is expected to be listed on Nasdaq.
The strategic move, which aims to take Nuvo public, has secured unanimous approval from the boards of both companies, and places Nuvo’s pre-money equity valuation at USD269 million.
Nuvo has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests (“NSTs”) and maternal and fetal heart rate monitoring, helping expectant people adhere to their prescribed care plan.
Meitar acted for Nuvo with Greenberg Traurig led by Adam Snukal, Bob Grossman, and Adam Namoury.
White & Case, led by Capital Markets partner Daniel Nussen and M&A partner Matthew Barnett, with Herzog advised LAMF Global Ventures Corp. I.
read more in Femtech Insider.
