Announced
Completed
Financials
Tags
Reverse Takeover
United States
Acquisition
De-SPAC
intelligent transportation systems
Domestic
Private
Merger
Transportation Services
Majority
Friendly
Single Bidder
Failed
Synopsis
Hyperloop Transportation Technologies, a transportation and technology licensing company focused on realizing the hyperloop, failed to go public via a SPAC merger with Forest Road Acquisition II in a $600m deal. The failed deal is a casualty of a challengiong market for initial public offerings.
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