BARK
BarkBox, a subscription service for pet owners, is going public via a merger with a special acquisition corporation (SPAC), the company announced Thursday.
The deal is the latest in a string of SPAC-backed IPOs over the last year.
BarkBox will merge with the blank-check company Northern Star Acquisitions Corp. in a $1.6 billion deal, including debt, according to the announcement.
Once the deal closes, Northern Star Acquisitions Corp. will list under a new ticker, BARK, on the New York Stock Exchange.
Since the outbreak of the pandemic, quarantining Americans have turned to furry friends for comfort. Pet adoptions and related spending has soared.