Combination with Marquee Raine Acquisition Corp. Values Enjoy at an Approximate Enterprise Value of $1.2 Billion, Expected to Provide More Than $450 Million of Growth Capital for Enjoy to Achieve
Mobile-Store Company Enjoy to Go Public Through SPAC Deal morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Enjoy Technology to Become a Public Company, Accelerating its Strategy to Reinvent Commerce at Home
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Combination with Marquee Raine Acquisition Corp. Values Enjoy at an Approximate Enterprise Value of $1.2
Billion, Expected to Provide More Than $450 Million of Growth Capital for Enjoy to Achieve Approximately $1 Billion in Revenue by 2025
Underpinned by Proprietary Technology, Exclusive Relationships with Leading Consumer Brands, and a Compelling Margin Profile, Enjoy Has First-Mover Advantage in Large and Growing Total Addressable Market
Deep, Multi-Year Commercial Relationships With the World s Premier Consumer Companies
Visionary Founder and CEO Ron Johnson, Alongside Enjoy s Experienced Leadership Team, Brings Proven Track Record of Reinventing Retail and Building Businesses Through Innovation
Enjoy Technology to go public via merger with Marquee Raine SPAC pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.
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A leading telecommunications retail partner for large companies is going public with plans to bring the experience to customer s homes.
The SPAC Deal: Enjoy Technology is merging with
Marquee Raine Acquisition Corp (NASDAQ: MRAC) in a deal valuing the company at $1.2 billion.
The deal will provide Enjoy with around $450 million in growth capital.
Current Marquee Raine Acquisition shareholders will own 23% of the company if the merger is approved.
About Enjoy: With strong exclusive relationships with leading consumer brands, Enjoy is a partner for retail efforts.
The company’s partners include
AT&T (NYSE: T) in the U.S., BT Group in the U.K.,