Cincy Inno - REPORT: Bitcoin startup could be Cincinnati s next public company bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
RIYADH: US-based Bitcoin miner Griid Infrastructure is in talks to go public through a merger with Adit EdTech, a special purpose acquisition company, Bloomberg reported. A transaction with the blank-check firm Adit EdTech Acquisition Corp., would value the combined entity at more than $3 billion. The terms have not yet been finalized and talks could collapse, according to
Adit EdTech Acquisition Corp Announces Receipt of Notice of Late Filing From NYSE financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Being nerdy pays off, and soon there will be another education technology company on the public market.
Nerdy, the parent company of Varsity Tutors, an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company.
The deal will give Nerdy a valuation of $1.7 billion, making it the first billion-dollar technology company based in St. Louis, according to the St. Louis Post-Dispatch.
The transaction includes $450 million that TPG Pace Tech Opportunities raised from its IPO last October, along with another $300 million from forward purchase agreements and PIPE financing (another way for TPG Pace to raise additional capital from investors). The acquisition is expected to be complete in the second quarter of 2021, and Nerdy will be listed on NYSE under the tickers NRDY.