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The Equity Group and Walbrook PR are handling Spectral MD as the AI company focused on predictive medical diagnostics merges with Rosecliff Acquisition Corp. in a SPAC deal valued at $170M.
Dallas-based Spectral MD plans to use the proceeds of the SPAC to pursue commercial opportunities in the US and UK for its burn and diabetic foot ulcer indications.
It also sees significant US government business for its DeepView wound diagnostic platform for mass casualty events.
Spectral MD has already received $125M in contracts from various federal agencies for DeepView.
As part of the transaction, Spectral MD will delist its shares from the London Stock Exchange and trade on the NASDAQ.
The merged company will be renamed Spectral AI.
The Equity Group’s Devin Sullivan handles the US investment community for the deal, while Walbrook PR’s Paul McManus, Alice Wooding and Louis Ashe-Jepson provide IR and media services in the UK.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
