DocGo, Inc. (formerly Ambulnz, Inc.), a leading provider of Mobile Health services and integrated medical mobility solutions, announced today the completion of its previously announced business combination with Motion Acquisition Corp. (“Motion”) (Nasdaq: MOTN), a special purpose acquisition company. Beginning on Monday, November 8, 2021, DocGo’s common stock and warrants will trade on Nasdaq under the ticker symbols “DCGO” and “DCGOW”, respectively.
“We are thrilled to announce the completion of our business combination with Motion and advance to this next chapter as a public company,” said Stan Vashovsky, CEO of DocGo. “Today represents a significant milestone in our journey, and we are eager to use this additional capital to fuel growth as we expand our geographic footprint in Mobile Health services.”
The business combination and associated PIPE investment enabled DocGo to raise approximately $158 million in cash proceeds after the payment of transaction expenses.
To celebrate the completion of the merger, DocGo’s management team will ring the closing bell at Nasdaq on November 11, 2021, at 4:00 pm ET. A live stream of the event and replay can be accessed here.
