- The shareholders of LMF Acquisition Opportunities ( NASDAQ: LMAO ), a special purpose acquisition company sponsored by LM Funding America ( NASDAQ: LMFA ), have approved a business combination with the medical technology company SeaStar Medical.
- SeaStar Medical had agreed to go public in the U.S. via a merger with the SPAC in April in a deal that valued the former at $85M.
- In a special meeting of the stockholders held on Oct. 18, more than 96% of the votes cast were in favor of the business combination.
- ~79% of LMAO's issued and outstanding shareholders had cast their votes at the meeting.
- Post the closing of the business combination, LMAO will be renamed SeaStar Medical Holding.
- The shares and warrants are expected to begin trading on Nasdaq under the new ticker symbols ICU and ICUCW, respectively.
- LMAO shares were trading +13.27% pre-market.
- Source: Press Release
For further details see:
LMF Acquisition shareholders approve business combination with SeaStar Medical