Assure Holdings Corp. has announced a pending merger with Danam Health, Inc., which will result in Danam Health merging with Assure's subsidiary, Merger Sub, and subsequently becoming a wholly-owned subsidiary of Assure. The post-merger entity will be renamed Danam Health Holding Corporation. The merger is contingent upon shareholder approval and the satisfaction of certain conditions, including regulatory clearances and the absence of material adverse effects. Assure's board has unanimously recommended that shareholders vote in favor of the merger, which will be decided at a Special Meeting to be held virtually in 2024, with the exact date yet to be determined. Shareholders will receive voting instructions and Advantage Proxy has been engaged to assist with proxy solicitation. Additionally...Show More

Assure Holdings Corp. has announced a pending merger with Danam Health, Inc., which will result in Danam Health merging with Assure's subsidiary, Merger Sub, and subsequently becoming a wholly-owned subsidiary of Assure. The post-merger entity will be renamed Danam Health Holding Corporation. The merger is contingent upon shareholder approval and the satisfaction of certain conditions, including regulatory clearances and the absence of material adverse effects. Assure's board has unanimously recommended that shareholders vote in favor of the merger, which will be decided at a Special Meeting to be held virtually in 2024, with the exact date yet to be determined. Shareholders will receive voting instructions and Advantage Proxy has been engaged to assist with proxy solicitation. Additionally, Danam shareholders have appraisal rights under Delaware law. Assure has also entered into a Partial Waiver and Amendment Agreement with Danam, issuing a $1 million unsecured convertible note as consideration for the Waiver Agreement. The merger's completion is also subject to the approval of Nasdaq for the listing of New Danam’s common stock. If the merger agreement is terminated under specified conditions, Assure may be required to pay Danam a termination fee. Upon successful completion of the merger, Assure’s public shareholders will hold approximately 10% of New Danam, with the remaining 90% owned by Danam shareholders.