CLRD - SPAC Viveon signs merger LOI with health monitoring platform Clearday

SPAC Viveon Health Acquisition Corp. ( NYSE: VHAQ ) has signed a letter of intent for a potential merger with healthcare monitoring platform provider Clearday ( OTCQX:CLRD ).

Viveon said the deal values Clearday at around $250M . Further details about the deal will be disclosed if and when a definitive agreement is reached.

Clearday has developed an AI-driven platform for monitoring the cognitive and physical abilities of older patients and those with special needs. Shares of the company are currently traded OTC under the symbol CLRD.

Viveon had been slated to merge with Suneva Medical. The merger was called off in early February amid concerns that the SPAC might not be able to make the cash conditions of the deal.

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