On January 13, 2023 Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) ("Aesther"), a special purpose acquisition company (SPAC) and Ocean Biomedical, Inc. ("Ocean"), a next-generation biopharma company reported that AEHA has filed with the U.S. Securities and Exchange Commission ("SEC") a definitive proxy statement ("Definitive Proxy Statement") in connection with its proposed business combination (the "Business Combination" or the "Transaction") with Ocean and with respect to the special meeting of Aesther’s stockholders ("Special Meeting") scheduled to be held on February 3, 2023 (Press release, Aesther Healthcare Acquisition, JAN 13, 2023, View Source [SID1234626389]).
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The proposed Transaction was unanimously approved by the boards of directors of all parties and is expected to be completed on February 7, 2023, subject to, among other things, the approval by Aesther stockholders, governmental, regulatory and third party approvals, satisfaction of minimum closing net tangible asset and cash requirements, and the satisfaction or waiver of other customary closing conditions. The Definitive Proxy Statement and related materials will be mailed to the stockholders of Aesther on or about January 13, 2023. Aesther’s stockholders will have until February 1, 2023 (two (2) business days before the Special Meeting) to have their shares of Class A Common Stock redeemed for cash in connection with the matters to be voted on at the Special Meeting, as described in the Definitive Proxy Statement.
A link to the Definitive Proxy Statement, as well as other information related to the Transaction can be found via AEHA’s filings with the SEC at www.sec.gov.