Announced
Financials
Sources
Tags
Reverse Takeover
Merger
Majority
Cross Border
Friendly
Auto Services
connected car
United Kingdom
Acquisition
Public
De-SPAC
Pending
Single Bidder
Synopsis
TKB Critical Technologies 1, a blank check company, agreed to merge with Wejo Group, a British connected vehicle data start-up. Financial terms were not disclosed. "This transaction is transformative for Wejo, providing significant funding progress in our bridge to profitability and allowing us to make critical investments in our technology platform and product portfolio. The deal signifies a clear recognition that Wejo’s market differentiating Smart Mobility for Good products and services are world-class and positions the company to invest and capitalize on the expected tidal wave of business growth opportunities," Richard Barlow, Wejo CEO.
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