SAN DIEGO & LONDON–(Company WIRE)–Jun 20, 2022–
Human Longevity, Inc. (“HLI”), crafted by the pioneers of the human genome sequencing work, and Liberty Acquisition I Company (“Freedom”) (NYSE: Point), a publicly traded particular goal acquisition enterprise, introduced now that they have signed a non-binding letter of intent (the “Letter of Intent”) for a proposed small business mixture that would outcome in HLI starting to be a publicly shown business. On the closing of the transaction, the mixed business would be predicted to stay listed on the New York Inventory Trade underneath a new ticker image. There can be no assurance that a definitive arrangement will be entered into or that the proposed transaction will be consummated.
Human Longevity, Inc.
Pioneered by Dr. J. Craig Venter, detailed in Time Magazine’s 2007 and 2008 TIME100 Most Influential Individuals in the Planet, who appreciably advanced the human genome sequencing work, Human Longevity, Inc. is the world leader in advancing the Human Longevity Care movement, on a mission to uncover and harness the technological and biological capabilities that amplify span of life, overall health, and significant-overall performance. At its main, the company sets out to use details driven health instruments to lessen the impact of preventable age-similar long-term ailments.
HLI is a 1st of its kind AI-enabled personalised health intelligence system that brings together genome sequencing, full physique quantitative MRI and blood biomarkers, enabling early detection and ailment-mitigating possibility assessments of important illnesses. The business has invested above $500 million to date in R&D due to the fact 2013, delivering a exclusive client practical experience to predict life time and brief-expression risks linked to chronic age-linked illness. This technological know-how lets HLI to detect disorder early, aiding to stay away from premature loss of life, reduces the danger of catastrophic fees connected with late-phase diagnosis and extends the healthy human lifespan.
By means of its premier Human Longevity Treatment membership method, created by the foremost specialists in human longevity to proactively lead associates to a for a longer time, healthier lifestyle. Choosing up exactly where even the most fashionable healthcare arrive at stops, Users get the greatest international regular in superior Human Longevity Treatment crafted on cutting-edge genomic insights, full body quantitative imaging, AI-driven hazard detection and prevention, and state-of-the-art mind & entire body functionality insights and interventions.
100+ Complete Self Wellbeing Assessment:
Associates receive 360-degree in-depth precision mapping of their finish self health, such as total genome sequencing, blood-dependent biomarkers, complete system imaging, bone & muscle energy evaluation, nutrition & life-style habits, and additional. From working day-to-day main care well being assessment to the world’s most sophisticated longevity treatment mapping, 100+ Members get entire individualized insight into their complete self well being.
Personal Longevity Precision Medication Health practitioner:
Associates get a focused top-tier medical doctor as their personal longevity chief to enable them build and navigate their customized longevity roadmap designed on their distinctive genome, biology, life-style, and longevity vision. The company’s Longevity doctors harness point out-of-the-artwork longevity treatment systems and a multi-disciplinary group of industry experts throughout the world to offer entry to 12 months-round precision drugs care services tailor made tailor-made to every single stage of member’s own longevity programs.
Human Longevity, Inc. was founded by genomic pioneer Dr. J. Craig Venter in 2013 and is presently led by Govt Chairman Dr. Wei-Wu He and President Dr. David S. Karow M.D, Ph.D.
Liberty is led by Government Chairman Tidjane Thiam, previously CEO of Credit Suisse and Prudential Plc, and Chief Executive Officer Adam Gishen, alongside one another with Edward Zeng, a proven entrepreneur with a solid track record of building worth for traders throughout engineering and new lifestyle investments. Tidjane Thiam will be part of the Board of HLI subsequent near of the transaction.
Dr J. Craig Venter Ph.D. and Co-Founder of HLI explained “This is an remarkable improvement for HLI and ought to let the firm to extend its impact in modifying how medicine is practiced. Using superior MRI imaging, genomics and other non-invasive testing, HLI can detect the presence of illnesses, such as most cancers, at early stages ahead of they turn out to be symptomatic. Up to 50% of self-explained wholesome people today who have long gone by way of the HLI Well being clinics have benefitted from early diagnosis of situations, quite a few of which have been lifesaving. I am proud of what HLI has attained to day and look ahead to an thrilling future”.
“At HLI, we certainly consider that facts-pushed technologies these kinds of as genome sequencing, AI, total-physique MRI will revolutionize human healthcare. We have invested for just about 10 many years and about $500 million with an extremely devoted team to place these technologies alongside one another to make this a actuality for folks to delay age-similar serious conditions. We consider this platform will help save tens of millions of lives and appreciably lessen health care charge in the foreseeable future.” Mentioned Dr. Wei-Wu He. “We are thrilled to locate a like-minded companion at Independence. “
“We think the possibility to democratize and make globally obtainable precision and preventative treatment method is remarkable and offers a huge option, not only to increase healthful human lifespans but also to drastically minimize the stress placed on wellbeing programs in several economies,” mentioned Tidjane Thiam, Chairman of Liberty. “HLI is led by a administration team of remarkable high quality who have constructed the major AI-enabled Health intelligence platform in the US with the option to scale it internationally, addressing the sizeable opportunity that exists for all to increase their heathy human lifespan. The HLI proposition is appealing to men and women, insurance providers and quite a few health care stakeholders, giving great chances for sustained, prolonged time period progress. We could not be more thrilled to spouse with Wei-Wu and the staff as they keep on to scale their company globally.”
Edward Zeng, Founder of NextG Tech and deputy Chairman of Freedom Acquisition explained “I believe less than Tidjane’s world achieve and Adam’s execution capabilities, Freedom is perfectly positioned to assist HLI in offering long expression advancement and scale. This is an exceptionally interesting organization blend as HLI’s AI driven wellness intelligence platform will drive a breakthrough in human longevity healthcare and develop into available to a extensive selection of sufferers as fees go on to lessen. It is my belief that the pretty ideal Special Goal Acquisition Companies, jointly with administration teams of the optimum calibre can build meaningful benefit for shareholders about time.”
Conditions of Letter of Intent
Completion of the proposed transaction is matter to, among other matters, the completion of due diligence, the negotiation and execution of a definitive business enterprise mixture agreement (the “Business Blend Agreement”), approval by Freedom’s and HLI’s boards of directors, satisfaction of the conditions negotiated in the proposed Organization Mix Settlement and approval of the proposed transaction by Freedom’s shareholders. Appropriately, there can be no assurance that a Organization Mix Agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that individuals parts of the Letter of Intent that describe the proposed transaction, which includes the consideratio
n to be issued therein, are matter to change.
Assuming Freedom and HLI enter into the proposed Enterprise Blend Arrangement, the parties presently be expecting to request acceptance from Freedom’s shareholders by the 1st quarter of 2023.
The Letter of Intent gives for the new general public firm to obtain $345 million from Freedom’s believe in account, assuming no Liberty shareholders work out redemption rights.
Contingent upon execution of the Business enterprise Mix Arrangement, Liberty would file a registration statement with the SEC, which would involve a proxy assertion/prospectus, and each social gathering would file other files pertaining to the proposed transaction with the SEC.
About Liberty Acquisition I Company
Freedom Acquisition I Corporation is a blank check company, fashioned for the goal of effecting a merger, share trade, asset acquisition, share obtain, reorganization or similar business mix with a single or additional corporations. The Organization was recognized by Tidjane Thiam, Adam Gishen and Abhishek Bhatia to leverage their intensive encounter in attaining, developing, running and scaling worldwide corporations in continually evolving environments and joined by Edward Zeng, a seasoned entrepreneur in the field of TMT and new life style investment alternatives. To master more about Independence, visit www.freedomac1.com
Significant Info and In which to Come across It
This push release relates to a proposed transaction concerning Independence Acquisition I Corporation and HLI. Flexibility Acquisition I Corporation intends to file a registration statement (“Registration Statement”), which is expected to contain a proxy statement for the solicitation of Flexibility Acquisition I Company shareholder approval and a prospectus for the offer and sale of Liberty Acquisition I Company securities in the transaction, and other suitable paperwork with the Securities and Exchange Fee (“SEC”) to be used at its remarkable standard meeting of shareholders to approve the proposed transaction with HLI. The proxy statement is envisioned to be mailed to shareholders as of a record day to be set up for voting on the proposed business enterprise combination. Investors AND Safety HOLDERS OF Liberty ACQUISITION I Corporation AND HLI ARE URGED TO Read THE REGISTRATION Statement, PROXY Assertion, PROSPECTUS AND OTHER Suitable Paperwork THAT ARE Expected TO BE Filed WITH THE SEC Cautiously AND IN THEIR ENTIRETY WHEN THEY Develop into Out there Since THEY WILL Comprise Essential Data ABOUT THE PROPOSED TRANSACTION. Traders and security holders would be equipped to receive no cost copies of the registration statement, proxy assertion, prospectus and other documents made up of important details about Freedom Acquisition I Corporation and HLI at the time these paperwork are submitted with the SEC, as a result of the site maintained by the SEC at www.sec.gov. In addition, traders and security holders will be equipped to receive totally free copies of the files submitted with the SEC by Independence Acquisition I Corporation in the Trader Relations area of Liberty Acquisition I Corporation’s web page at www.freedomac1.com/trader-assets.
Participants in the Solicitation
If the events execute the proposed Enterprise Blend Arrangement, Flexibility Acquisition I Corporation and its directors and executive officers may perhaps be deemed individuals in the solicitation of proxies from Liberty Acquisition I Corporation’s shareholders with respect to the proposed organization mix. Info about Liberty Acquisition I Corporation’s administrators and govt officers and a description of their interests in the SPAC will be included in the proxy statement/prospectus for the proposed transaction and would be obtainable at the SEC’s web page ( www.sec.gov ). Added data with regards to the passions of these individuals will be contained in the proxy statement/prospectus for the proposed transaction when offered.
HLI and its administrators and executive officers may also be deemed to be individuals in the solicitation of proxies from the shareholders of Liberty Acquisition I Company in link with the proposed business enterprise mix. Facts about HLI’s administrators and executive officers and information and facts concerning their pursuits in the proposed transaction will be provided in the proxy statement/prospectus for the proposed transaction.
No Offer you or Solicitation
This interaction shall not constitute a solicitation of a proxy, consent or authorization with regard to any securities or in regard of the proposed transactions. This conversation shall also not represent an offer to promote or the solicitation of an provide to invest in any securities, nor shall there be any sale of securities in any jurisdictions in which this sort of provide, solicitation or sale would be unlawful prior to registration or qualification underneath the securities guidelines of any these types of jurisdiction. No giving of securities shall be made except by means of a prospectus conference the prerequisites of Segment 10 of the Securities Act of 1933, as amended (the “Securities Act”).
Forward On the lookout Statements
This press launch is made up of forward-seeking statements within just the indicating of Part 27A of the Securities Act and Area 21E of the Securities Trade Act of 1934, as amended, such as statements concerning the proposed transactions. Flexibility Acquisition I Corporation’s and HLI’s precise benefits may perhaps vary from their anticipations, estimates and projections and consequently, you should really not depend on these ahead-hunting statements as predictions of long run occasions. Words and phrases these as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and related expressions are supposed to discover this sort of ahead-hunting statements. These ahead-on the lookout statements involve, devoid of limitation, Independence Acquisition I Corporation’s and HLI’s anticipations with regard to foreseeable future performance and expected economic impacts of the proposed transaction.
These forward-on the lookout statements involve substantial pitfalls and uncertainties that could cause the true benefits to differ materially from the expected final results. Most of these aspects are outside Flexibility Acquisition I Corporation’s and HLI’s management and are hard to predict. Things that may bring about such dissimilarities consist of, but are not restricted to: the approvals, timing, and capacity to full the proposed organization blend our ability to acknowledge the advantages of the proposed business mix, which in
clude potential money and operating results of the combined enterprise, which may be affected by, amid other issues, the volume of dollars offered pursuing any redemptions by Flexibility Acquisition I Corporation’s stockholders our prospective capability to receive added funding to entire the proposed organization mix transaction Independence Acquisition I Corporation’s and HLI’s capacity to enter into a definitive settlement with regard to the proposed business enterprise combination transaction or to finish the transactions contemplated by the Letter of Intent; matters found by the events as they finish their respective thanks diligence investigation of the other; our ability to meet up with NYSE’s listing requirements pursuing the consummation of the transactions contemplated by the proposed business enterprise combination; the timing of the completion of the proposed business enterprise combination; the effect of COVID-19 or other adverse community well being developments expenditures connected to the proposed small business mix improvements in applicable legal guidelines or rules the possibility that the put together corporation may possibly be adversely influenced by other financial, organization, and/or competitive aspects and other risks and uncertainties that will be in-depth in the proxy assertion/prospectus to be filed on Variety S-4 with the SEC and as indicated from time to time in Freedom Acquisition I Corporation’s filings with the SEC, together with Liberty Acquisition I Corporation’s Once-a-year Report on Kind 10-K for the fiscal 12 months ended December 31, 2021 below the heading “Risk Factors” and other files filed, or to be submitted, with the SEC. Ahead wanting statements speak only as of the day they are made. Except as needed by legislation, neither Flexibility Acquisition I Corporation nor HLI has any intention or obligation to update or to publicly announce the results of any revisions to any of the ahead-seeking statements to reflect actual success, long term events or developments, changes in assumptions or variations in other variables influencing the ahead-seeking statements.
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PUB: 06/20/2022 04:00 PM/DISC: 06/20/2022 04:02 PM