What Happened to UpHealth?
Ticker: UPHLSPAC Year: 2019Merger: 2024
Return
-100.0%
Current Price
$0.05
Peak Price
$100.5
Trust Size
$270M
Summary
UpHealth was a digital health company providing telemedicine, remote patient monitoring, and behavioral health services. The company went public via SPAC merger with GigCapital2 in 2021. UpHealth was delisted from NYSE in December 2023.
What Happened
GigCapital2 merged with UpHealth in June 2021. The digital health company struggled with integration of acquired businesses, mounting losses, and failed to meet NYSE listing requirements. UpHealth was delisted in December 2023 and now trades on OTC markets under UPHL at near-zero prices. While not formally bankrupt, the company faces severe going-concern risks.
Timeline
2019-05-31
S-1 Registration Filed
2024-01-24
Merger Proxy Filed (DEFM14A)