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Share: The SPAC Deal: SmartRent announced a SPAC merger with Fifth Wall Acquisition Corp I (NASDAQ: FWAA) valuing the company at $2.2 billion. There are no SPAC warrants involved in the deal, which means less dilution to shareholders later on. Founder shares are being given a three-year lockup to ensure the long-term investment in the company. Existing shareholders will have a six-month lockup on their shares. Investors in the company include Starwood Capital, Lennar Corporation (NYSE: LEN), Invitation Homes and Koch Real Estate. Current Fifth Wall Acquisition I shareholders will own 15.9% of the new company after the merger. About SmartRent: SmartRent is a leader in smart home technology for the global residential real estate market. The company offers an internet of things operating system for residential property owners, managers, homebuilding, home buyers and residents to lower costs. ....
(HZAC), (AAL) - Vivid Seats Lands SPAC Deal: Pent-Up Demand Could Make It A Reopening Trade benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
(QELL), General Motors Company (NYSE:GM) - EVTOL Company Lilium Announces SPAC Merger: What Investors Should Know benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
(NHIC) - Exclusive: Evolv's CEO On Why Its Technology Is 'Critical' To Travel, Events Comeback benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.