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Digital health company Danam Health has agreed to go public through a merger with SPAC Artemis Strategic Investment Corp. (NASDAQ:ARTE).
The deal pegs the enterprise value of the combined company at $200M, according to an SEC filing. The merger is expected to close in Q4, after which Danam shares will trade on Nasdaq.
Based in Florida, Danam operates a digital health and medication adherence platform, pharmaceutical wholesale business and digital pharmacy.
Artemis went public in September 2021, raising $175M through an IPO. The SPAC was launched to pursue deals in the entertainment, hospitality and gaming sectors.
In March 2022, Artemis announced it planned to merge with European online sports betting company Novibet. Artemis terminated the deal in June 2023.
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