Baird Medical, A Leading Developer And Provider Of Microwave Ablation Medical Devices In China, To Be Publicly Listed On NASDAQ Through A Proposed Business Combination With ExcelFin Acquisition Corp.
Portfolio Pulse from Happy Mohamed
Baird Medical, a leading microwave ablation (MWA) medical device developer in China, is set to go public on NASDAQ through a business combination with ExcelFin Acquisition Corp. The combined company will have an estimated post-transaction enterprise value of $370 million and will operate as Baird Medical Investment Holdings Limited under the ticker symbol BDMD.
June 26, 2023 | 1:55 pm
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ExcelFin Acquisition Corp. (NASDAQ:XFIN) is set to merge with Baird Medical, a leading MWA medical device developer in China. The combined company will have an estimated post-transaction enterprise value of $370 million and will operate as Baird Medical Investment Holdings Limited under the ticker symbol BDMD.
The merger between ExcelFin Acquisition Corp. and Baird Medical will result in a combined company with an estimated post-transaction enterprise value of $370 million. This business combination is expected to provide Baird Medical with the necessary resources to further expand its presence in the global market and accelerate its growth trajectory. As a result, this merger is likely to have a positive short-term impact on ExcelFin's stock price.
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