12-May-2021 Source: BLADE Urban Air Mobility
BLADE Urban Air Mobility, Inc., a technology-powered air mobility company, announced the completion of its business combination with Experience Investment Corp. (NASDAQ: EXPC, “EIC”), a NASDAQ listed special purpose acquisition company sponsored by KSL Capital Partners. The combined holding company will change its legal name to Blade Air Mobility, Inc. (the “Blade HoldCo”) and Blade Urban Air Mobility, Inc. (“Blade” or the “Company”) will be its wholly owned, operating subsidiary. The Blade HoldCo’s common stock and warrants are expected to commence trading on May 10, 2021 on the NASDAQ under the new ticker symbols “BLDE” and “BLDEW,” respectively.
Blade Completes Business Combination Becoming the First Publicly Traded Urban Air Mobility Company streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Blade Urban Air Mobility, Inc. and Wisk Aero LLC today announced an arrangement for Wisk to provide Blade with up to 30 Electric Vertical.
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An Ark Invest webinar was held on April 13. Among the topics discussed by CEO Cathie Wood and the team were SPACs.
Caution On SPACs: Ark Invest and Cathie Wood have two points of view when it comes to SPACs: We share optimism and concern.
Wood said the compensation structure of SPACs deprives individual investors and rewards the sponsors of SPACs.
The large number of SPACs and early-stage companies going public is another cautionary item. The venture capital model of getting two out of 10 deals right is good for VC but not how equity markets operate, according to Wood.
“We think there will be some accidents in the SPAC market, she said.
We re really excited to partner with [Blade] because they have the most operational real experience and can talk credibly about the opportunities and the benefits of flying aircraft in and out of cities, Beta founder Kyle Clark told CNBC.
Blade gets the opportunity to do flight paths that they presently are not doing with the capabilities of this aircraft, Clark added. The EVA is really going to shine in complement to their existing helicopter fleet.
EVAs, also known as eVTOLs, are electric vertical take off and landing aircraft that look like they re part helicopter, part plane. Last week, Clark s Vermont-based electric vertical aircraft maker struck a deal to sell at least 10 EVAs to United Parcel Service for testing on package delivery.