Healthwell Acquisition Corp. I Announces Termination of Business Combination with Starton Therapeutics, Inc.
November 03 2023 - 7:00PM
Business Wire
Healthwell Acquisition Corp. I (“Healthwell”) (Nasdaq: HWEL)
announced today that its previously announced Business Combination
Agreement in connection with its planned business combination with
Starton Therapeutics, Inc. (“Starton”) was terminated by Starton.
The conditions to the closing of the initial business combination
were not satisfied or waived by the outside date of November 3,
2023. As a result, Healthwell will seek an alternative business
combination.
About Healthwell
Healthwell is a blank check company, also commonly referred to
as a special purpose acquisition company, or SPAC, formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses or entities.
Forward Looking Statements
This press release contains statements that may constitute
“forward-looking statements,” including with respect to
Healthwell’s pursuit of an alternative business combination. No
assurance can be given that Healthwell will be successful in
seeking and consummating such alternative business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of Healthwell, including those set
forth in the Risk Factors section of Healthwell’s public filings
with the SEC. Copies are available on the SEC’s website,
www.sec.gov. Healthwell undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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