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FreightOS aims to defy SPAC market's shakeout

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Much of the market has soured on special purpose acquisition companies (SPACs) over the past year, but it hasn't stopped every company with blank-check aspirations.

on special purpose acquisition companies over the past year, but it hasn't stopped every company with blank-check aspirations.

"We were looking at all options to finance the company, public and private," Schreiber adds. "Obviously in the long term we want to be a public company, but specifically at that time we considered different options.": FreightOS merged with Gesher I Acquisition Corp., and raised more than $80 million in capital through the transaction, largely through a private investment in public placement led by British asset manager M&G.

 

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