Dive Brief:
Bark, known for its BarkBox and Super Chewer pet subscription boxes, has entered into an agreement to be acquired by Northern Star Acquisition Corp., a publicly-traded special purpose acquisition company.
Through the deal, which values Bark at $1.6 billion, the pet brand will make its public debut on the New York Stock Exchange with the new ticker symbol BARK, the company announced on Thursday.
The deal is expected to be completed by the second quarter of 2021, according to documents Northern Star Acquisition Corp. filed with the Securities and Exchange Commission.
Dive Insight:
As the coronavirus pandemic continues, the gap between businesses suffering and those succeeding in the retail industry grows wider.
BARK, A Leading Brand for Dogs, to List on NYSE Through Merger with Northern Star Acquisition Corp
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Barkbox to go public through merger with SPAC Northern Star Acquisition, as ticker changes to BARK
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