Edoc Acquisition announces termination of deal with Calidi Biotherapeutics

Aug. 15, 2022 2:17 AM ETEdoc Acquisition Corp. (ADOC), ADOCR, ADOCWBy: Meghavi Singh, SA News Editor
  • SPC Edoc Acquisition (NASDAQ:ADOC) announced the termination of its previously announced agreement and plan of merger with Calidi Biotherapeutics.
  • In future both parties may continue to discuss the possibility of engaging in a business combination, there can be no assurance that those discussions will result in a transaction between Edoc and Calidi proceeding on the current terms of the Business Combination, if at all.
  • As a result of the termination of the merger pact, Edoc intends to promptly begin simultaneously evaluating other possible business combination targets.

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