Ithaka Acquisition Corp. to merge with Alsius Corporation, Nasdaq listing planned.

Ithaka Acquisition Corp. and Alsius Corporation have entered into a merger agreement, making Alsius a wholly-owned subsidiary of Ithaka. Upon the merger's completion, Ithaka will seek a listing on Nasdaq. Alsius is a medical device company that develops temperature control products for hospital critical care settings. The current management team will remain in place, and William Worthen will become CEO of Ithaka. Upon effectiveness, Ithaka will be renamed Alsius Corporation.