LAMF Global Ventures I shareholders approve business combination

Nuvo Group L, an FDA-cleared remote pregnancy monitoring platform, and LAMF Global Ventures I announced that LAMF’s shareholders voted to approve the previously announced business combination between LAMF, Nuvo, Holdco Nuvo Group D.G., a limited liability company organized under the laws of the State of Israel, Nuvo Assetco, a Cayman Islands exempted company and a wholly owned subsidiary of Holdco and H.F.N Insight Merger Company, a limited liability company organized under the laws of the State of Israel and a wholly owned subsidiary of LAMF, at the extraordinary general meeting of LAMF’s shareholders held on April 1. Voters representing over 93.4% of the issued and outstanding Class A ordinary shares of LAMF, par value 0.01c per share cast votes in favor of the proposal in connection with the business combination at the Extraordinary General Meeting. LAMF shareholders also voted to approve the proposal regarding the adoption of the plan of merger, presented at the Extraordinary General Meeting. In connection with the Extraordinary General Meeting, shareholders holding an aggregate of 2,913,194 LAMF Class A Ordinary Shares exercised their right to redeem their LAMF Class A Ordinary Shares for approximately $11.03 per share of the funds held in LAMF’s trust account, leaving approximately $434,982 in cash in the trust account after satisfaction of such redemptions. 39,422 LAMF Class A Ordinary Shares will remain outstanding after satisfaction of such redemptions. LAMF plans to file the results of the Extraordinary General Meeting, as tabulated by the inspector of elections, with the SEC. Upon closing of the transaction, which the parties are working to effect as soon as practicable, the combined company will operate as Holdco and is expected to be listed on Nasdaq under the ticker symbol “NUVO”, with warrants under the ticker symbol “NUVOW.”