Senior Connect Signs Letter of Intent for a Business Combination

Senior Connect Acquisition a publicly traded special purpose acquisition company, has announced that it has entered into a non-binding letter of intent ("LOI") for a business combination with Avellino Lab USA, Inc. ("Avellino"). Avellino, a leader in precision medicine, is making a global impact in genetics and bringing innovative diagnostics, therapies, and AI-driven data processing to patient care. Recommended AI: How is Artificial Intelligence (AI) Changing the Future of Architecture? Under the terms of the LOI, the Company and Avellino would become a combined entity, with Avellino's existing equityholders exchanging their shares in Avellino for equity in the combined public company. The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected early in the first quarter of 2023.