Bird to go public via SPAC, at an implied value of $2.3B
TechCrunch
MAY 12, 2021
and MidCap Financial Trust provided an additional $40 million asset financing. The transaction will enable the combined entity to retain net proceeds of up to $428 million of cash, according to Switchback, which brings $316 million cash-in-trust to the table. Micromobility’s next big business is software, not vehicles.
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