First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) has announced a merger agreement with Westin Acquisition Corp. (Nasdaq: WSTN), a special purpose acquisition company based in the Cayman Islands.
The merger will see Westin domesticate to Nevada and rebrand as Wellgevity 360, Inc., after which it will merge with First Choice Acquisition Corp., a subsidiary of First Choice Healthcare, making First Choice a wholly owned subsidiary of Wellgevity 360.
First Choice Healthcare specializes in healthcare services, focusing on functional health, longevity, and regenerative medicine clinics.
The legal advisory for Westin is provided by Celine & Partners, PLLC and Ogier, while Sichenzia Ross Ference Carmel LLP acts as U.S. securities counsel for First Choice.
Geneva Capital Pte. Ltd. serves as the financial advisor to First Choice Healthcare Solutions.
Mr. Kok Peng Na, Chairman/CEO of Westin, said, “The merger reflects our commitment to partnering with a company with an innovative healthcare platform, experienced management team and significant growth potential. We believe the Company is well positioned to capitalize on the growing demand for primary care, wellness and regenerative medicine services, and that this proposed transaction will provide the resources, public market access, and strategic flexibility needed to support its next phase of growth.”