Share of the blank check company Jaws Acquisition Corp. (NYSE: JWS) has risen 11.99% in extended trading on Thursday. The company saw its share rising to $14.20 after that surge that helped the stock to lessen the effect of the decline it has faced in regular sessions, falling -.65% to close at $12.68. The price increase came on the heels of SEC filing the company has made yesterday.
To effect mergers, capital stock exchanges, asset purchases, stock purchases, reorganizations, or other types of business combinations, Jaws Acquisition incorporated as a special purpose acquisition company. It has a main focus on primary care medical service businesses. With Chairman Barry S. Sternlicht and Chief Executive Officer Joseph L. Dowling at the helm, Jaws Acquisition was incorporated as a Cayman Islands exempted Blank Check Company. Founded in 2019, the company has its headquarters in Miami Beach, Florida.
Yesterday, the company has filed Form 425 and Form 8-K with SEC. The filing was to submit an Analyst Day presentation being used in connection with the proposed business combination between Jaws Acquisition and Primary Care (ITC) Intermediate Holdings, LLC.
The Cano Health, LLC also yesterday announced that a peer-reviewed study published in The American Journal of Managed Care shows that COVID-19 mortality has been depressed by 60% through the Company’s population health management program, compared to a similar patient group in Florida.
Cano is a healthcare company that provides quality primary care delivery for seniors through value-based pricing while Jaws Acquisitions is in a definitive merger agreement with Cano that is likely to be completed in H2 2021.