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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.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
