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New Deal


Announced

Completed

HyperloopTT failed to go public via a SPAC merger with Forest Road Acquisition II in a $600m deal.

Financials

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Transaction Value£507m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

United States

Acquisition

De-SPAC

intelligent transportation systems

Domestic

Private

Merger

Transportation Services

Majority

Friendly

Single Bidder

Failed

Synopsis

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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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