Deal to take Natick weight-loss technology company public achieves shareholder approval
Photo/Grant Welker
Allurion co-founder and CEO Shantanu Gaur holds a demo version of the Allurion Gastric Balloon.
Compute Health Acquisition Corp. shareholders approved a business combination with Natick-based Allurion Technologies, which would take the weight-loss tech company public.
The new company would take Allurion’s name and would trade on the New York Stock Exchange under the ticker symbol ALUR, according to a Friday press release
Plans for the merger were announced in February and closing is anticipated on or around Tuesday.
Allurion’s primary product is the Allurion Program, which uses a gastric balloon to replace the need for gastric-bypass surgery in patients seeking weight loss. The company produces an AI-assisted program, which helps the patient change their eating behavior and monitor their weight loss.
Delaware-based Compute Health Acquisition Corp. raised $862.5 million in its initial public offering on the New York Stock Exchange in February 2021. It has a market capitalization of $326 million as of Monday, according to Yahoo Finance.
WBJ Web Partners
Most Recent
Most Recent
0 Comments