DocGo to acquire Hicuity Health for ~2% stock + earnout; Q2 revenue $73.4M, guidance cut

DocGo Inc.

Merger: DocGo acquires Hicuity Health (virtual care) for 2.0% stock + up to 3.5% earnout if market cap hits $250M within 3 years.
Assumes ~$52M Hicuity debt; Perceptive commits up to $50M new term loans ($12.5M+$12.5M+$25M), maturing Dec 2029.
Hicuity TTM revenue ~$65M, adjusted EBITDA ~$4.5M; all consideration to Series F preferred holder, other shareholders get nothing.
Q2 revenue $73.4M (-9% YoY, migrant wind-down); ex-migrant +19%; net loss ($18.0)M vs ($13.3)M; adj EBITDA ($6.3)M.
FY2026 adj EBITDA guidance cut to ($17-22)M from ($5-10)M; revenue narrowed to $305-310M; cash $48.1M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.