Bird reportedly prepares to go public via SPAC, aims for 2023 profitability
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.
Bird reportedly prepares to go public via SPAC, aims for 2023 profitability
May 10, 2021, 10:17pm UTC
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.