Babylon to go public via $4.2bn SPAC merger

Dr Ali Parsa, founder and CEO, Babylon Health

Babylon Health has announced its merger with ‘blank cheque company’ Alkuri Global ahead of a planned listing on Nasdaq in a deal which places an equity value of $4.2bn on the digital health provider, including an estimated $575m in gross proceeds. The deal includes up to $345m of cash held in Alkuri Global’s trust account…

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