GigCapital2, Inc. (“GigCapital2”) (NYSE: GIX, GIX.U, GIX.RT, and GIX.WS) announced that its stockholders accredited all proposals related to the earlier announced business combos with UpHealth Holdings, Inc. (“UpHealth”) and Cloudbreak Well being, LLC (“Cloudbreak”) at a exclusive meeting of stockholders held on June 4, 2021. Extra than 94.4% of the votes solid at the assembly, symbolizing close to 65.7% of GigCapital2’s exceptional shares, voted to approve the company combos. A Sort 8-K disclosing the total voting outcomes is anticipated to be submitted with the Securities and Exchange Commission.
As introduced formerly, the business combos will result in every single of UpHealth and Cloudbreak becoming a immediate wholly-owned subsidiary of GigCapital2. GigCapital2 will be renamed “UpHealth, Inc.” and its frequent stock and warrants are anticipated to start off trading on the New York Inventory Exchange less than the new symbols “UPH” and “UPH.WS”, respectively, on June 9, 2021. At the closing of the business combinations, which is anticipated to consider position on June 8, 2021, every GigCapital2 unit will individual into its factors consisting of a person share of GigCapital2 prevalent inventory, a single warrant, and a appropriate for a single-twentieth of a share of GigCapital2 inventory that will also be issued at the closing, and, as a consequence, both of those the units and the rights will no extended trade as different securities.
About UpHealth Holdings, Inc.
UpHealth is a international comprehensive electronic overall health engineering and tech-enabled providers system that empowers providers, overall health systems and payors globally to deal with care for people today with advanced clinical, behavioral and social needs, when significantly improving accessibility to principal care.
About Cloudbreak Overall health
Cloudbreak Health (www.cloudbreak.us) revolutionized patient and supplier interaction with the introduction of video distant deciphering (VRI), developing Cloudbreak as a pioneer in telehealth engineering. Cloudbreak Health and fitness carries on to innovate with Cloudbreak Telehealth Answers, like telepsychiatry, telestroke, tele-quarantine, remote client checking and other specialties. Dedicated to overcoming healthcare disparities and bringing language access to the issue of care, Cloudbreak Wellness seamlessly integrates their language obtain resolution, Martti, into a host of platforms, together with Epic, Zoom, and Caregility. Doing additional than 1.5 million minutes of telemedicine session just about every thirty day period on around 14,000 online video endpoints at 1,800+ healthcare destinations nationwide, Cloudbreak Telehealth simplifies how providers care for sufferers, placing a whole treatment continuum at their fingertips 24/7. Follow Cloudbreak on Twitter @cloudbreakhlth or the hashtag #HumanizeHealthcare.
About GigCapital World-wide and GigCapital2, Inc.
GigCapital Worldwide (www.gigcapitalglobal.com) is a Non-public-to-Public Equity (PPE)™ investment team, sponsoring and operating Exclusive Objective Acquisition Providers (“SPAC”, also acknowledged as Blank-Test corporations). Founded in 2017 by Dr. Avi Katz, the GigCapital Team and its sponsored SPACs are led by an affiliated staff of know-how business professionals, deploying a exclusive Mentor-Investors™ methodology to companion with fantastic privately-held and U.S. and non-U.S. public know-how businesses led by committed, ground breaking business owners. The GigCapital Team corporations offer monetary, operational and govt mentoring to U.S. and world wide personal, and non-U.S. public firms, in order to accelerate their route from inception and as a privately-held entity into the progress-stage as a publicly traded corporation in the U.S. The partnership of the GigCapital Group with these businesses proceeds by an organic and natural and roll-up approach advancement submit the changeover to a community organization. For much more data, pay a visit to www.gigcapitalglobal.com.
GigCapital2, Inc. (NYSE: GIX, GIX.U, GIX.RT, and GIX.WS) (www.gigcapital2.com), GigCapital4, Inc. (Nasdaq: GIG, GIGGU and GIGGW), and GigInternational1, Inc. (NASDAQ: GIWWU) are component of the GigCapital Team portfolio of Private-to-Public Fairness (PPE)™ organizations.
“Private-to-Community Equity (PPE)” and “Mentor-Trader” are trademarks of GigFounders, LLC, utilised pursuant to arrangement.
This push launch has ahead-seeking statements in just the indicating of Section 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended, which includes the business enterprise mix amongst GigCapital2 and every single of UpHealth and Cloudbreak and the closing of all those transactions, and statements with regards to our administration team’s expectations, hopes, beliefs, intentions, ideas, prospective buyers or strategies concerning the long run, together with feasible enterprise mixtures, income development and fiscal functionality, item expansion and expert services. Any statements contained herein that are not statements of historical point may possibly be deemed to be ahead-hunting statements. In addition, any statements that refer to projections, forecasts or other characterizations of long term events or conditions, like any underlying assumptions, are ahead-searching statements. The words “foresee,” “believe,” “proceed,” “could,” “estimate,” “assume,” “intends,” “might,” “could possibly,” “program,” “doable,” “likely,” “predict,” “challenge,” “should,” “would” and very similar expressions might determine ahead-hunting statements, but the absence of these text does not suggest that a assertion is not forward-wanting. The ahead-wanting statements contained in this push launch are based mostly on our present-day anticipations and beliefs manufactured by the administration of GigCapital2, UpHealth and/or Cloudbreak in light-weight of their respective knowledge and their notion of historical tendencies, current problems and predicted long run developments and their potential results on UpHealth, Cloudbreak and GigCapital2 as well as other elements they believe are correct in the instances. There can be no assurance that future developments affecting UpHealth, Cloudbreak or GigCapital2 will be individuals that we have anticipated. These ahead-looking statements involve a amount of challenges, uncertainties (some of which are further than the manage of the parties) or other assumptions that may perhaps bring about genuine results or effectiveness to be materially distinct from people expressed or implied by these ahead-wanting statements, like regulatory approvals, the potential of the submit-mix organization to meet the NYSE listing benchmarks, products and support acceptance, and that UpHealth will have enough cash to run as predicted. Must one or extra of these pitfalls or uncertainties materialize, or must any of our assumptions confirm incorrect, genuine outcomes might range in substance respects from individuals projected in these ahead-hunting statements. Further aspects that could cause true effects to differ are talked over beneath the heading “Risk Aspects” and in other sections of GigCapital2’s filings with the SEC, and in GigCapital2’s present-day and periodic studies submitted or furnished from time to time with the SEC. All ahead-searching statements in this push release are designed as of the date hereof, dependent on data accessible to GigCapital2, UpHealth and/or Cloudbreak as of the day hereof, and GigCapital2, UpHealth and/or Cloudbreak assumes no obligation to update any ahead-looking statement, whether as a outcome of new information and facts, long term activities or otherwise, apart from as may be required below relevant securities legislation.
Perspective supply version on businesswire.com: https://www.businesswire.com/information/property/20210604005605/en/
Brian Ruby, ICR, [email protected]