| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Private Target Merger | |
| Acquirer | Altitude Acquisition Corp. | |
| Public | Yes | |
| Industry | Financial Institutions (banks, insurance, diversified) | |
| Private equity sponsorship | No | |
| Target | Picard Medical, Inc. | |
| Public | No | |
| Industry | Healthcare | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | April 24, 2023 | |
| Transaction value | $480 million | |
| Form of consideration | Equity | |
| Type of merger | Reverse Triangular | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Winston & Strawn LLP | |
| Individual attorney(s) | Michael J. Blankenship | |
| Acquirer Counsel | ||
| Law firm #1 | White & Case LLP | |
| Individual attorney(s) |
Elliot Smith; Bryan Luchs; Emilio Grandio |
|