SAN DIEGO & LONDON–(Small business WIRE)–Jun 20, 2022–
Human Longevity, Inc. (“HLI”), developed by the pioneers of the human genome sequencing work, and Flexibility Acquisition I Company (“Freedom”) (NYSE: Reality), a publicly traded distinctive purpose acquisition firm, announced today that they have signed a non-binding letter of intent (the “Letter of Intent”) for a proposed business mixture that would consequence in HLI getting a publicly mentioned business. Upon the closing of the transaction, the mixed corporation would be envisioned to continue being mentioned on the New York Inventory Trade beneath a new ticker image. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
Human Longevity, Inc.
Pioneered by Dr. J. Craig Venter, outlined in Time Magazine’s 2007 and 2008 TIME100 Most Influential Men and women in the Environment, who considerably advanced the human genome sequencing effort, Human Longevity, Inc. is the global chief in advancing the Human Longevity Care movement, on a mission to uncover and harness the technological and organic capabilities that amplify span of existence, well being, and higher-overall performance. At its core, the company sets out to use data driven health and fitness resources to decrease the impact of preventable age-linked long-term disorders.
HLI is a initially of its type AI-enabled customized overall health intelligence platform that combines genome sequencing, total entire body quantitative MRI and blood biomarkers, enabling early detection and disease-mitigating possibility assessments of vital diseases. The company has invested over $500 million to date in R&D considering the fact that 2013, delivering a exceptional patient experience to forecast lifetime and short-term dangers associated to serious age-associated condition. This technological innovation will allow HLI to identify sickness early, assisting to avoid premature death, minimizes the threat of catastrophic expenses related with late-stage prognosis and extends the wholesome human lifespan.
By its premier Human Longevity Treatment membership system, designed by the foremost experts in human longevity to proactively lead associates to a for a longer period, more healthy lifetime. Buying up where even the most modern healthcare attain stops, Customers receive the highest world regular in superior Human Longevity Treatment constructed on chopping-edge genomic insights, full human body quantitative imaging, AI-pushed risk detection and prevention, and point out-of-the-artwork brain & human body performance insights and interventions.
100+ Total Self Well being Assessment:
Members receive 360-degree in-depth precision mapping of their finish self health and fitness, like whole genome sequencing, blood-based biomarkers, complete body imaging, bone & muscle energy assessment, diet & way of living routines, and far more. From working day-to-day main care wellbeing assessment to the world’s most highly developed longevity care mapping, 100+ Customers receive entire customized insight into their entire self overall health.
Personalized Longevity Precision Medicine Doctor:
Users acquire a committed leading-tier physician as their personalized longevity leader to support them establish and navigate their personalised longevity roadmap designed on their one of a kind genome, biology, way of living, and longevity eyesight. The company’s Longevity physicians harness point out-of-the-artwork longevity care systems and a multi-disciplinary group of industry experts all over the world to present obtain to calendar year-spherical precision drugs treatment company custom tailor-made to every single move of member’s private longevity plans.
Human Longevity, Inc. was started by genomic pioneer Dr. J. Craig Venter in 2013 and is at the moment led by Executive Chairman Dr. Wei-Wu He and President Dr. David S. Karow M.D, Ph.D.
Liberty is led by Executive Chairman Tidjane Thiam, formerly CEO of Credit Suisse and Prudential Plc, and Chief Executive Officer Adam Gishen, with each other with Edward Zeng, a tested entrepreneur with a powerful keep track of file of creating price for investors throughout technologies and new life style investments. Tidjane Thiam will be a part of the Board of HLI subsequent shut of the transaction.
Dr J. Craig Venter Ph.D. and Co-Founder of HLI reported “This is an thrilling advancement for HLI and should really let the firm to grow its affect in transforming how medicine is practiced. Making use of innovative MRI imaging, genomics and other non-invasive screening, HLI can detect the existence of diseases, which include most cancers, at early levels right before they become symptomatic. Up to 50% of self-explained wholesome people today who have long gone by way of the HLI Health clinics have benefitted from early prognosis of circumstances, quite a few of which have been lifesaving. I am proud of what HLI has accomplished to date and appear forward to an thrilling future”.
“At HLI, we definitely believe that knowledge-driven systems these types of as genome sequencing, AI, total-system MRI will revolutionize human health care. We have invested for pretty much 10 yrs and in excess of $500 million with an extremely focused group to put these systems together to make this a fact for people to hold off age-associated chronic ailments. We believe this platform will help save hundreds of thousands of life and substantially lessen health care price tag in the upcoming.” Stated Dr. Wei-Wu He. “We are fired up to obtain a like-minded associate at Liberty. “
“We feel the prospect to democratize and make globally readily available precision and preventative cure is interesting and offers a large option, not only to increase healthier human lifespans but also to considerably cut down the load put on well being programs in numerous economies,” reported Tidjane Thiam, Chairman of Independence. “HLI is led by a management workforce of exceptional high-quality who have created the foremost AI-enabled Wellness intelligence platform in the US with the prospect to scale it internationally, addressing the significant prospect that exists for all to prolong their heathy human lifespan. The HLI proposition is interesting to folks, insurance plan businesses and numerous healthcare stakeholders, delivering wonderful possibilities for sustained, long expression growth. We could not be far more psyched to lover with Wei-Wu and the team as they carry on to scale their small business globally.”
Edward Zeng, Founder of NextG Tech and deputy Chairman of Freedom Acquisition said “I believe under Tidjane’s world wide achieve and Adam’s execution capabilities, Flexibility is properly positioned to aid HLI in offering very long time period advancement and scale. This is an unbelievably interesting small business blend as HLI’s AI pushed wellbeing intelligence system will generate a breakthrough in human longevity health care and come to be out there to a large wide variety of clients as charges keep on to reduce. It is my belief that the incredibly very best Special Purpose Acquisition Businesses, collectively with management groups of the highest calibre can develop meaningful value for shareholders more than time.”
Phrases of Letter of Intent
Completion of the proposed transaction is subject matter to, amongst other matters, the completion of thanks diligence, the negotiation and execution of a definitive business mixture arrangement (the “Business Blend Agreement”), approval by Freedom’s and HLI’s boards of directors, fulfillment of the problems negotiated in the proposed Organization Combination Arrangement and acceptance of the proposed transaction by Freedom’s shareholders. Appropriately, there can be no assurance that a Business Blend Settlement will be entered into or that the proposed transaction will be consummated. Additional, readers are cautioned that those people portions of the Letter of Intent that describe the proposed transaction, such as the consideration to be issued therein, are matter to modify.
Assuming Flexibility and HLI enter into the proposed Business Combination Arrangement, the functions at the moment expect to seek out approval from Freedom’s shareholders by the 1st quarter of 2023.
The Letter of Intent presents for the new public organization to get $345 million from Freedom’s have confidence in account, assuming no Freedom shareholders work out redemption legal rights.
Contingent on execution of the Business enterprise Mix Arrangement, Liberty would file a registration statement with the SEC, which would incorporate a proxy assertion/prospectus, and every single celebration would file other files pertaining to the proposed transaction with the SEC.
< p>About Flexibility Acquisition I Corporation
Freedom Acquisition I Company is a blank test company, shaped for the intent of effecting a merger, share exchange, asset acquisition, share obtain, reorganization or comparable organization mix with just one or more companies. The Company was recognized by Tidjane Thiam, Adam Gishen and Abhishek Bhatia to leverage their comprehensive knowledge in buying, creating, operating and scaling international enterprises in continuously evolving environments and joined by Edward Zeng, a seasoned entrepreneur in the industry of TMT and new lifestyle financial commitment options. To find out far more about Liberty, go to www.freedomac1.com
Vital Information and facts and Exactly where to Come across It
This press release relates to a proposed transaction among Liberty Acquisition I Company and HLI. Liberty Acquisition I Company intends to file a registration assertion (“Registration Statement”), which is predicted to incorporate a proxy statement for the solicitation of Liberty Acquisition I Company shareholder approval and a prospectus for the present and sale of Freedom Acquisition I Company securities in the transaction, and other suitable files with the Securities and Trade Fee (“SEC”) to be made use of at its remarkable standard meeting of shareholders to approve the proposed transaction with HLI. The proxy statement is expected to be mailed to shareholders as of a report date to be established for voting on the proposed business enterprise mixture. Investors AND Stability HOLDERS OF Freedom ACQUISITION I Corporation AND HLI ARE URGED TO Read through THE REGISTRATION Assertion, PROXY Statement, PROSPECTUS AND OTHER Applicable Paperwork THAT ARE Expected TO BE Submitted WITH THE SEC Thoroughly AND IN THEIR ENTIRETY WHEN THEY Come to be Obtainable For the reason that THEY WILL Have Crucial Info ABOUT THE PROPOSED TRANSACTION. Investors and security holders would be capable to obtain totally free copies of the registration assertion, proxy assertion, prospectus and other paperwork that contains vital info about Independence Acquisition I Corporation and HLI the moment such paperwork are submitted with the SEC, by way of the internet site taken care of by the SEC at www.sec.gov. In addition, buyers and protection holders will be ready to acquire totally free copies of the documents filed with the SEC by Independence Acquisition I Company in the Trader Relations portion of Liberty Acquisition I Corporation’s website at www.freedomac1.com/trader-assets.
Members in the Solicitation
If the events execute the proposed Small business Combination Settlement, Liberty Acquisition I Company and its administrators and govt officers may well be considered contributors in the solicitation of proxies from Independence Acquisition I Corporation’s shareholders with respect to the proposed business mixture. Info about Flexibility Acquisition I Corporation’s administrators and executive officers and a description of their passions in the SPAC will be integrated in the proxy assertion/prospectus for the proposed transaction and would be out there at the SEC’s web site ( www.sec.gov ). Extra data relating to the passions of these members will be contained in the proxy assertion/prospectus for the proposed transaction when available.
HLI and its directors and government officers may perhaps also be deemed to be contributors in the solicitation of proxies from the shareholders of Independence Acquisition I Company in link with the proposed small business blend. Information about HLI’s administrators and government officers and data relating to their passions in the proposed transaction will be provided in the proxy assertion/prospectus for the proposed transaction.
No Present or Solicitation
This conversation shall not constitute a solicitation of a proxy, consent or authorization with regard to any securities or in respect of the proposed transactions. This communication shall also not represent an give to offer or the solicitation of an offer you to buy any securities, nor shall there be any sale of securities in any jurisdictions in which these types of provide, solicitation or sale would be illegal prior to registration or qualification below the securities rules of any this kind of jurisdiction. No offering of securities shall be made other than by usually means of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended (the “Securities Act”).
Ahead Looking Statements
This push launch consists of forward-looking statements within just the indicating of Section 27A of the Securities Act and Segment 21E of the Securities Exchange Act of 1934, as amended, like statements regarding the proposed transactions. Liberty Acquisition I Corporation’s and HLI’s genuine results may perhaps vary from their anticipations, estimates and projections and for that reason, you ought to not rely on these ahead-hunting statements as predictions of upcoming gatherings. Text this kind of as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and related expressions are meant to identify such ahead-wanting statements. These forward-seeking statements contain, without having limitation, Freedom Acquisition I Corporation’s and HLI’s anticipations with respect to long run general performance and predicted economic impacts of the proposed transaction.
These ahead-on the lookout statements entail substantial risks and uncertainties that could lead to the true outcomes to differ materially from the anticipated results. Most of these things are outdoors Independence Acquisition I Corporation’s and HLI’s handle and are complicated to forecast. Factors that may possibly result in these kinds of differences include things like, but are not restricted to: the approvals, timing, and ability to complete the proposed company mixture our capability to figure out the added benefits of the proposed company blend, which includes potential economical and operating success of the merged enterprise, which may be afflicted by, amid other items, the total of dollars accessible pursuing any redemptions by Flexibility Acquisition I Corporation’s stockholders our probable ability to receive added financing to entire the proposed business blend transaction Freedom Acquisition I Corporation’s and HLI’s potential to enter into a definitive arrangement with respect to the proposed enterprise mixture transaction or to total the transactions contemplated by the Letter of Intent; matters discovered by the get-togethers as they full their respective due diligence investigation of the other; our potential to meet up with NYSE’s listing specifications adhering to the consummation of the transactions contemplated by the proposed business enterprise combination; the timing of the completion of the proposed company combination; the impact of COVID-19 or other adverse community health developments expenditures associated to the proposed business blend adjustments in relevant guidelines or rules the chance that the merged corporation may be adversely influenced by other economic, organization, and/or competitive factors and other threats and uncertainties that will be in-depth in the proxy statement/prospectus to be filed on Type S-4 with the SEC and as indicated from time to time in Flexibility Acquisition I Corporation’s filings with the SEC, like Flexibility Acquisition I Corporation’s Once-a-year Report on Kind 10-K for the fiscal 12 months finished December 31, 2021 beneath the heading “Risk Factors” and other files filed, or to be submitted, with the SEC. Forward wanting statem
ents talk only as of the day they are manufactured. Besides as necessary by regulation, neither Independence Acquisition I Company nor HLI has any intention or obligation to update or to publicly announce the outcomes of any revisions to any of the forward-hunting statements to reflect precise benefits, long run situations or developments, variations in assumptions or alterations in other elements influencing the forward-hunting statements.
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Source: Flexibility Acquisition I Company
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PUB: 06/20/2022 04:00 PM/DISC: 06/20/2022 04:02 PM