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BlueRiver Acquisition Corp. - $BLUA STOCK NEWS

Welcome to our dedicated page for BlueRiver Acquisition news (Ticker: $BLUA), a resource for investors and traders seeking the latest updates and insights on BlueRiver Acquisition stock.

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Rhea-AI Summary
BlueRiver Acquisition Corp. (BLUA) has received a letter from the NYSE American LLC stating that the staff has determined to commence proceedings to delist the Company's Common Stock, Units, and Rights due to the failure to consummate a business combination within 36 months of its initial public offering. The Company has the right to request a review of the delisting determination. Additionally, the Company and Spinal Stabilization Technologies, LLC have agreed to extend the termination date of their Merger Agreement until March 31, 2024.
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Rhea-AI Summary
Spinal Stabilization Technologies and BlueRiver Acquisition Corp. have entered into a definitive business combination agreement. The proposed transaction represents a pre-money equity value of $240 million for Spinal Stabilization Technologies. The combined company will operate as Spinal Stabilization Technologies and be listed on an approved stock exchange. Spinal Stabilization Technologies is focused on developing a lumbar implant for nucleus pulposus replacement to alleviate lower back pain. The PerQdisc, their flagship product, is an investigational device in the U.S. and has not been approved by the FDA. The PerQdisc has been designated as a Breakthrough Device by the FDA. The company aims to penetrate the Augmented Discectomy market, a $4.8 billion opportunity, and the Degenerative Disc Disease market, a $4.6 billion opportunity.
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BlueRiver Acquisition Corp.

NYSE:BLUA

BLUA Rankings

BLUA Stock Data

106.83M
1.54M
51.81%
141.75%
0.03%
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United States of America
SAN ANTONIO