Longevity Health Holdings Updates Merger Terms with True Health and TMG
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Longevity Health Holdings Inc. has updated its merger agreement with True Health Inc. and Truehealth Management Group LLC. The new terms specify that the number of common shares to be issued will be based on $59 million divided by the lower of the company's market price or $3.00 per share, with potential adjustments for stock splits. An additional $20 million in shares may be issued as earnout consideration, calculated similarly. The market price will be determined by the volume weighted average closing price over the 15 trading days before the merger's effective date.
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