World View is set to go public, as the stratospheric exploration and flight company agreed to merge with special purpose acquisition company Leo Holdings Corp. II LHC in a deal with an enterprise value of $350 million. As part of the deal, World View could receive proceeds of up to $121 million. After the deal closes, which is expected to occur in the second quarter of 2023, the combined company will operate as World View.
As part of the deal, World View could receive proceeds of up to $121 million. After the deal closes, which is expected to occur in the second quarter of 2023, the combined company will operate as World View. Separately, World View and Leo have teamed with New Vista Capital, which will serve on the combined company’s board of directors, to provide operational and industrial partner expertise.