Articles tagged “spac”

News Blog

Selina Files Paperwork to Move a Step Closer to Going Public Through SPAC

Hospitality brand Selina has filed paperwork with the U.S. Securities and Exchange Commission to take another step in going public through a merger with special purpose acquisition company BOA Acquisition Corporation. The timing is still vague, however. "The proposed SPAC merger, which has been approved by the board of directors of BOA, is expected to…

Startups

The Problems in Mondee’s Plan to Go Public

The air travel aggregator is likely to get a $1 billion valuation in a merger with a special purpose acquisition company. But its disclosures are thin, and paint something less than a picture of certain success.

The Problems in Mondee’s Plan to Go Public

News Blog

Selina Pushes Back Its SPAC Deal

Hospitality brand Selina has said it now aims to go public in the third quarter of 2022. Originally its merger with BOA Acquisition Corp — a special purpose acquisition company (SPAC) — was due to close in the first half of the year. The listing update comes as the brand, which targets millennial and Gen Z…

News Blog

American Express Global Business Travel To Debut on Tuesday — Interesting Factoids

It's a holiday weekend in the U.S. so what better time to break up the monotony of barbecues and beach, and burrow into a Securities and Exchange Commission filing about the pending SPAC debut Tuesday of American Express Global Business Travel. Among the takeaways: The merger of Apollo Strategic Growth Capital and Amex GBT will…

News Blog

Mondee Adds 6 Million Subscribers Ahead of SPAC Deal

Travel technology company Mondee has seen “enhanced marketing costs” as it builds up the number of subscribers for its travel platforms. The company now has 10 million users signed up to its subscription products including TripPlanet and Unpub, compared to four million in December last year. The boost may be a result of its new…

Airline Weekly

Southern Airways Express, Surf Air Aim to Create First Electric Regional Airline

The Southern Airways Express and Surf Air Mobility merger will be the first to bring together an airline and an electric aviation technology company. The goal is to get hybrid electric aircraft, think hybrid cars, to U.S. skies before anyone else.

Southern Airways Express, Surf Air Aim to Create First Electric Regional Airline

Online Travel

Carsharing Marketplace Getaround to Go Public in $1.2 Billion SPAC deal

Despite the SPAC market experiencing significant struggles recently, Getaround going public is a sign that some travel companies are looking beyond stock market choppiness.

Carsharing Marketplace Getaround to Go Public in $1.2 Billion SPAC deal

Startups

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

The companies didn't say why the merger failed. But the popularity of going public via mergers with SPACs, or special purpose acquisition companies, is waning. At least 22 deals have fallen apart since mid-2021, said SPAC Research.

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

Business Travel

Travel Tech Firm Mondee Strikes Subscription Partnership Ahead of Going Public

Mondee's highly tactical deal taps into Arthur J. Gallagher & Co's sprawling network of small businesses and associations, which could drive subscriptions for its TripPlanet platform.

Travel Tech Firm Mondee Strikes Subscription Partnership Ahead of Going Public

Online Travel

Daily Podcast: Overvalued Online Travel IPOs

Good morning from Skift. It’s Wednesday, January 12, in New York City. Here’s what you need to know about the business of travel today.

Daily Podcast: Overvalued Online Travel IPOs