Alkuri Global Acquisition announced its stockholders voted in favor of the business combination with digital health platform Babylon Holdings.
Announced in June, the transaction is expected to deliver up to $575 million of gross proceeds, including up to $345 million of cash held in Alkuri Global’s trust account (assuming no redemptions). The combination is further supported by a $230 million PIPE. The combined company is said to have an equity value of $4.2 billion.
Alkuri did not disclose share redemptions, if any, although its stock traded consistently above the $10 danger zone up through the redemption deadline.
Babylon is a digital, value-based care company that leverages a scalable platform combined with virtual clinical operations to provide integrated, personalized healthcare. Read more.
