DTRT Health Acquisition Corp.
DTRT
NASDAQ Capital Market10.34
USD
-0.01
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DTRT Health Acquisition Corp.
DTRT
(NASDAQ Capital Market)
Recent
price
10.34
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- DTRT Health Acquisition Corp. (NASDAQ: DTRT) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets, primarily targeting the healthcare sector including home- and community-based services such as home health, personal care, therapy, adult day care, medical transportation, pediatric health, behavioral health, staffing, medical devices, healthcare IT, and wellness programs. The company, incorporated in 2021 and headquartered in Oak Brook, Illinois, completed its initial public offering of 23 million units at $10.00 each in September 2021, raising $230 million, with units comprising one Class A common share and one-half redeemable warrant exercisable at $11.50 per share; securities traded separately under DTRT and DTRTW thereafter. In September 2022, DTRT announced a definitive merger agreement with Consumer Direct Holdings, Inc. (CDH), a self-directed personal care provider operating across 14 U.S. states, valuing the combined entity at approximately $681 million enterprise value with expected listing as Consumer Direct Care Network, Inc.; however, CDH terminated the agreement on January 4, 2023, prompting stockholder approval on January 30, 2023, for full redemption of Class A shares, Nasdaq trading suspension, delisting via Form 25, and subsequent dissolution and liquidation around February 6, 2023, marking the conclusion of its operations without completing an initial business combination.