Assure Holdings Cancels Merger Over Financial Discrepancies

Assure Holdings (IONM) just unveiled an announcement.

Assure Holdings Corp. has called off its merger with Danam Health, Inc., initially planned to result in Danam becoming a wholly-owned subsidiary post-merger. The cancellation is due to alleged misrepresentations by Danam concerning its financial health and failure to meet certain pre-merger obligations. Assure Holdings is now seeking to recover all costs related to the merger preparations, leveraging their right to claim reimbursements as stipulated in the called-off Merger Agreement.

Learn more about IONM stock on TipRanks’ Stock Analysis page.