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Skyway Capital Markets announces the merger of SeaStar Medical, a medical technology firm, with LMF Acquisition Opportunities (NASDAQ: LMAO), a publicly traded SPAC. This merger aims to enhance SeaStar Medical’s access to capital markets, accelerating the development of its therapies for acute kidney injury (AKI) in pediatric and adult patients. The patented Selective Cytopheretic Device will seek FDA approval for commercialization. Skyway served as the sole financial advisor for LMAO in this significant business combination.
SeaStar Medical and LMF Acquisition Opportunities, Inc. (LMAO) have announced a merger agreement aimed at accelerating SeaStar's development in immunomodulatory therapies, particularly for acute kidney injury (AKI). The agreement provides access to capital markets, enhancing SeaStar's ability to advance its proprietary Selective Cytopheretic Device technology. The transaction, valued at approximately $85 million, is expected to close in Q3 2022, pending stockholder approval. Existing investors, including Dow Pension Plans, are set to participate through a PIPE investment.
LMF Acquisition Opportunities, Inc. (NASDAQ:LMAOU) announced that from March 18, 2021, investors can separately trade shares of its Class A common stock and warrants. The Class A common stock will trade under the symbol LMAO, while the warrants will trade as LMAOW. Units not separated will continue under the symbol LMAOU. This initiative follows the company's initial public offering, managed by Maxim Group LLC. The offering's details can be accessed through the prospectus available from Maxim Group.