Ambulnz to Go Public Via Motion Acquisition SPAC
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March 19, 2021
March 19, 2021
Ambulnz Inc., a provider of mobile medical services and patient transportation, has agreed to go public through a merger with
Motion Acquisition Corp.
Light Street Capital and
Moore Strategic Ventures to support the transaction, which is set to value the combined entity at about $1.1 billion, according to a statement Tuesday, following an earlier Bloomberg report.
Ambulnz, to be renamed
DocGo Inc., is led by chief executive officer
Stan Vashovsky. The New York-based company, which operates in 23 U.S. states and the U.K., offers non-critical medical services to patients at home including vaccinations, blood work and testing, according to the statement.