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A new publicly traded pure play on urban air mobility is coming, with Blade announcing an SPAC deal Tuesday.
The SPAC Deal: Blade is going public via
Experience Investment Corp (NASDAQ: EXPC).
The $125-million PIPE includes new investors Hedosophia, KSL Capital and David Geffen and original investors Barry Diller, David Zaslav and Robert Pittman.
Airbus (Pink: EADSY), an investor in Blade, is keeping its ownership in the company.
KSL Capital is an investor in Ross Aviation, which operates 17 fixed based locations throughout North America, which could provide partnerships for Blade.
KSL also owns asset companies in the skiing, lodges, resorts and hotel industries, which could all be good partners for Blade.