Amazon-backed home tech startup SmartRent to go public in over $2 billion SPAC deal
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FILE PHOTO: SPACs are publicly listed shell companies that raise funds to take a private company public through a merger at a later date
(REUTERS)
. Updated: 22 Apr 2021, 07:10 PM IST Reuters
SmartRent develops tech products for property owners and homebuilders that automate daily operational processes such as parking management, locks and thermostat operation
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Amazon-backed home technology solutions provider SmartRent.com Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of the combined company at around $2.2 billion.