M&A: Assure Holdings Corp.

Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000121390024111879

Comments: On December 15, 2024, Assure Holdings Corp. entered into a Settlement and Mutual Release with Assure Acquisition Corp. and Wellgistics Health, Inc., which was formerly known as Danam Health, Inc. This settlement resolves disputes that arose from an earlier Agreement and Plan of Merger that Assure and its partners had initiated in February 2024. Assure had issued a $1,000,000 convertible promissory note to Danam in relation to the merger plans, but the Merger Agreement was terminated in June 2024. The Settlement Agreement cancels the Convertible Note, confirms the termination of the Merger Agreement effective June 11, 2024, and states that no party owes the others any amounts related to the Transaction or Merger Agreement. The full terms of this Settlement Agreement are included as Exhibit 10.1 in the filing.

Document Link: View Document