News Formal

FreightOS aims to defy SPAC market's shakeout

  • 📰 axios
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple couldn't save the smartphone industry from its worst year since 2013The personal-computer market just capped off a bad year, but the smartphone market suffered more—at least by one metric. who wants to spend $1000+ when it’s not significantly better. Tweeted using 1st gen SE 😂😂
Source: MarketWatch - 🏆 3. / 97 Read more »