DocGo acquires SteadyMD for up to $25M; common/preferred holders receive no closing cash

DocGo Inc.

Acquisition via merger: $12.5M cash at closing plus up to $12.5M contingent earn-out.
Series B preferred liquidation preference ($49.7M) exceeds total consideration; no distribution to common or preferred at closing.
Convertible noteholders paid 2.5x principal plus interest at closing ($12.5M CNI payoff).
Earn-out contingent on performance; only Series B preferred eligible after convertible debt fully settled.
Merger approved by SteadyMD board; stockholder consent obtained; closing occurred October 20, 2025.

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