Murmur, still in private beta, wants to help startups make private work agreements public
What s the TAM of founders building in public?
As building in public continues to gain popularity with early-stage startup founders, Murmur, coming out of stealth today, wants to leverage that natural transparency to a louder frequency.
Founded by Aaron Dignan, Murmur helps startups create work agreements based on the policies of other startups. “Work agreements” is an intentionally broad phrase, but encapsulates everything that a team decides about how work works, from paternal leave strategies to strategic priorities to how hiring works.
“It’s everything you’ve ever argued about [within your startup],” Dignan said.
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A growing number of SPACs are focusing on acquiring media companies and taking them public.
Media vets like Charlie Ergen, Joanna Coles, and Greg Coleman are spearheading SPACs.
Insider identified 12 media SPACs worth watching in media, telecommunications, and entertainment.
A growing number of execs and investors are looking to cash in on media through special-purpose acquisition companies.
SPACs are blank-check companies set up to acquire and take companies public, often with less scrutiny, cost and time than a traditional initial public offering. SPACs have been viewed critically by some as riskier for investors, but they have boomed over the past year.
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NEW YORK, Jan. 20, 2021 /PRNewswire/ Group Nine Acquisition Corp. ( GNAC or the Company ), announced today the closing of its initial public offering of 23,000,000 units which included the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit, resulting in aggregate gross proceeds of $230,000,000.
GNAC is a newly organized, blank check company formed by Group Nine Media, Inc. for the purpose of carrying out a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.
The units began trading on the Nasdaq Capital Market ( Nasdaq ) under the ticker symbol GNACU on January 15, 2021. Each unit consists of one share of GNAC s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 pe
Group Nine Media raises US$200m for merger via IPO
January 18, 2021 10:23
by MUMBRELLA STAFF
Group Nine Media, which owns digital brands including Thrillist, Popsugar, NowThis, Dodo and Seeker, has announced a US$200 million Initial Public Offering via its special purpose acquisition company.
The offering for Group Nine’s blank check holding company will be priced at US$10 per unit for an initial 20 million units, and Group Nine plans to combine its operations with another, as yet unnamed business in the digital media space.
It’s now trading on Nasdaq under the ticker symbol GNACU; the offering is expected to close on 20 January.
Group Nine Set to Go Public Friday, Prices $200 Million IPO Through Blank-Check Company lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.