Assure Holdings (IONM) just unveiled an announcement.
Assure Holdings Corp. has called off its merger with Danam Health, Inc., initially planned to result in Danam becoming a wholly-owned subsidiary post-merger. The cancellation is due to alleged misrepresentations by Danam concerning its financial health and failure to meet certain pre-merger obligations. Assure Holdings is now seeking to recover all costs related to the merger preparations, leveraging their right to claim reimbursements as stipulated in the called-off Merger Agreement.
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