Recent Updates
Recently added Catalysts
VSEE Positive Sentiment Score: 60/100

Digital Health Acquisition Corp. Announces Listing Transfer to the Nasdaq Capital Market Boca Raton, FL

Key Takeaway: Digital Health Acquisition Corp. announced its approval to transfer its securities listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective October 30, 2023. The move addresses previous compliance issues related to listing requirements, allowing the company to continue trading without interruption. Digital Health, formed as a blank check company, aims to raise capital for acquiring scalable businesses in healthcare. This transfer may improve its trading liquidity and help solidify investor confidence moving forward.

Market Sentiment Analysis

POSITIVE FACTORS

  • Approval from Nasdaq for listing transfer signifies regulatory compliance.
  • Transfer to the Nasdaq Capital Market may enhance liquidity.
  • Company can resolve deficiencies that previously affected its listing status.

Full Press Release Details

Digital Health Acquisition Corp. Announces Listing
Transfer to the Nasdaq Capital Market
Boca Raton, FL, October 27, 2023 (GLOBE NEWSWIRE)
-- Digital Health Acquisition Corp. (the "Company" or "Digital Health") (NASDAQ: DHAC), announced today that it
received approval from the Nasdaq Stock Market ("Nasdaq") to transfer the listing of its securities (including the common
stock, units, and warrants) (the "Securities") from the Nasdaq Global Market to the Nasdaq Capital Market. The Company's
common stock, units and warrants will continue to trade under the symbols "DHAC," "DHACU" and "DHACW,"
respectively and the trading of its Securities will be unaffected by this transfer. This transfer will be effective as of the opening
of business on October 30, 2023.
As previously disclosed on the Company's
Current Reports on Form on 8-K filed with the Securities and Exchange Commission on September 29, 2023 and October 13, 2023, the Company
received notifications from Nasdaq indicating the Company failed to comply with certain continued listing requirements for the Nasdaq
Global Market. Upon the transfer of the listing of the Company's Securities to the Nasdaq Capital Market on October 30, 2023, each
of the deficiencies will be resolved.
About Digital Health Acquisition Corp.
Digital Health Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses.
Digital Health, comprised of a team of industry
professionals and leaders with deep insight and relationships in healthcare, software systems, mergers and acquisitions and related fields.
Digital Health was formed as a special purpose acquisition company that raised $115 million in an initial public offering in November
2021, intending to utilize the proceeds for acquiring scalable businesses in healthcare.
More information can be found at www.digitalhealthacquisition.com.
For investor inquiries about Digital Health, VSee, or iDoc please contact:
LHA Investor Relations

Frequently Asked Questions

What stock symbols will Digital Health use after the transfer?

Digital Health will continue trading under symbols 'DHAC,' 'DHACU,' and 'DHACW.'

When will the transfer to the Nasdaq Capital Market occur?

The transfer will take effect on October 30, 2023, at market opening.

Why is Digital Health moving to the Nasdaq Capital Market?

The transfer resolves deficiencies related to continued listing requirements.

What is the purpose of Digital Health Acquisition Corp.?

Digital Health aims to merge with or acquire businesses in the healthcare sector.

How much did Digital Health raise in its IPO?

Digital Health raised $115 million in its initial public offering in November 2021.

Last updated: Oct 27, 2023