Announced
Completed
Financials
Tags
technology company
Majority
Single Bidder
Private Equity
Friendly
Merger
Private
United States
Domestic
Acquisition
Mobility
Reverse Takeover
De-SPAC
Completed
Synopsis
Blade, a technology-powered air mobility company, went public via a SPAC merger with Experience Investment, a blank check company, in a $356m deal. Experience Investment received investment commitments from Hedosophia, HG Vora Capital Management, KSL Capital Partners, investors David Geffen, Barry Diller, David Zaslav and Robert W. Pittman. “Our recent agreements with Electric Vertical Aircraft manufacturers Beta Technologies and Wisk Aero will accelerate our transition to quiet, emission-free, and cost efficient urban air mobility. Additionally, we are well positioned to capitalize on pent-up travel demand with the relaunch of our New York Airport service and related partnership with KAYAK," Rob Wiesenthal, Blade Founder and CEO.
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