Nuvo Group to go public via a SPAC merger with LAMF Global Ventures I in a $269m deal.

Nuvo Group, a pregnancy care services provider, agreed to go public via a SPAC merger with LAMF Global Ventures I, a special purpose acquisition company, in a $269m deal. “Pregnancy care is seeing concerning trends in health outcomes, access to care, and cost of care delivery. We anticipate that the Nuvo – LAMF partnership will be a significant public market event for women’s health and pregnancy care, which we believe has seen too little investment and innovation to address these concerning trends. Listing as a publicly traded company would enable increased growth opportunities for Nuvo. The enhanced access to capital if the business combination is consummated would allow us to accelerate our plans to scale and grow our product offering and geographic reach at a time when pregnant mothers and clinicians need it the most. We expect the access to better care for pregnancy that our solution provides to become the standard of care,” Kelly Londy, Nuvo CEO.