Bird reportedly prepares to go public via SPAC, aims for 2023 profitability

Bird reportedly prepares to go public via SPAC, aims for 2023 profitability

3 years ago
Anonymous $OlGJJXacOb

https://techcrunch.com/2021/05/10/bird-reportedly-prepares-to-go-public-via-spac-aims-for-2023-profitability/

Micromobility startups are following the lead of EV companies going public via mergers with special purpose acquisition companies, a financial instrument that came back en vogue in 2020.

Bird Rides, the California-born micromobility company that now operates in more than 100 cities across the United States, Europe and the Middle East, plans to merge with Dallas-based blank-check company Switchback II Corporation, reports dot.LA. Switchback, the blank-check company merging with Bird, was formed in 2019 and led by former executives at oil and gas driller RSP Permian, Scott McNeill and Jim Mutrie.