Under the merger deal announced in April, Clearday securities holders are entitled to receive up to 5M earnout shares if the company is profitable for a 12-month period within five years of the closing.
After the merger, shares of the combined company are expected to trade on NYSE American. Clearday shares currently trade OTC under the symbol CLRD.
Based in San Antonio, Clearday offers robotic companion care and digital services to help monitor and care for elderly patients. The company also runs care facilities for people with cognitive deficit conditions, such as Alzheimer’s disease and dementia.