Switchback III Corp, the third blank check company formed by NGP and former RSP Permian execs targeting sustainable energy tech, filed on Friday with the SEC to raise up to $275 million in an initial pu. Stock Information. Details: Bird is being acquired by Switchback II, a SPAC that was originally formed to buy an energy company. The company now operates in over 200 cities and has . This is the next significant step on our journey to provide the world with safe, eco-friendly transportation. The deal will enable Bird Rides to become a publicly listed company under the new name Bird Global. which listed on the New York Stock Exchange Thursday. Be patient and keep powder dry for the dip. Bird Global, Inc., a micro mobility company, engages in delivering electric transportation solutions for short distances. Switchback II Corp. announced the pricing of its upsized $275 million IPO yesterday evening and its units are expected to begin trading on the Nasdaq under the symbol "SWBK.U" Friday, January 8. Switchback II Shareholders Approve Bird Rides Merger. Switchback II Corp is listed on the stock exchange with the ticker / Symbol SWBK, SWBK SPAC all time high was and the lowest price in the last 52 week was: , the current SWBK stock price is . Deal Date. The latest volume was: . InvestorPlace 20d. Do NOT follow this link! The team behind Switchback, NGP Energy Capital Management, has a 2nd SPAC looking for a target - Switchback II (SWBK) trading less than NAV at $9.93 - and have filed for a third that has yet to price. the NAV (net asset value) of a SPAC is $10 x the number of units outstanding. Price. . Corporate Governance. Since 2017, Bird's shared micro-EV service has grown from ten vehicles into a . Interested parties . Switchback II Corporation (stock symbol: SWBK), a SPAC that raised approximately $316 million when it went public in January 2021, has agreed to merge with Bird, the shared electric scooter (and now e-bike) startup. Bird Rides, Inc. is going public via a SPAC merger with the Switchback II corporation. LOS ANGELES and DALLAS, Nov. 5, 2021 /PRNewswire/ -- Bird Rides, Inc. ("Bird" or . The typical IPO price for a SPAC stock is $10. SWBK has an overall market cap of: . Electric scooter company Bird on Wednesday agreed to go public via a SPAC, at an implied value of around $2.3 billion. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The exercise price for SPAC warrants is generally 15% higher than the IPO price. LOS ANGELES and DALLAS, Nov. 5, 2021 /PRNewswire/ -- Bird Rides, Inc. ("Bird" or the "Company"), a leader in environmentally friendly electric transportation, today announced that it has completed its business combination with Switchback II Corporation (NYSE: SWBK; "Switchback II"), a publicly traded special purpose acquisition company. The Switchback II Units will separate into their component parts of Bird Global's Class A common stock and warrants on November 4, 2021, and holders of Switchback II Units will receive one share . News. LOS ANGELES and DALLAS, Nov. 5, 2021-- Bird Rides, Inc. ("Bird" or the "Company"), a leader in environmentally friendly electric transportation, today announced that it has completed its business combination with Switchback II Corporation (NYSE: SWBK; "Switchback II"), a publicly traded special purpose acquisition company. Seeking Target. Switchback II said . Switchback II Corp. announced the pricing of its upsized $275 million IPO yesterday evening and its units are expected to begin trading on the Nasdaq under the symbol "SWBK.U" Friday, January 8. A special purpose acquisition company called Switchback II Corp. will take Bird public and provide as much as $428 million in funding to the business. The enlarged company, post-merger, is expected . CLII SPAC stock is a buy with some risks. Los Angeles-based Bird Rides Inc. is set to debut on the New York Stock Exchange on November 4.. As previously reported by The Dallas Express, on Tuesday, investors in a Dallas-based special-purpose acquisition company voted to approve the merger with the unprofitable scooter company to take it public.. Bird, which rents its scooters out to customers in dozens of U.S. cities like New York, Los Angeles, SPAC Stock Movers. Dallas SPAC successfully merges with Bird, taking the electric scooter company public. Shares of the SPAC were off as far as 20% before recovering. SWBK.U is gonna be the symbol for this guy. | SWBK SPAC Stock | SPACs to BUY NOW!Switchback II (SWBK) is a new blank check company. Bird Global merges with SPAC to go public, down 10% on second trading day. "As a category creator for the shared micromobility space, Bird has capitalized on /PRNewswire/ -- Bird Global, Inc. ("Bird Global") and Switchback II Corporation (NYSE: SWBK) ("Switchback II") today announced that the . Switchback II traded for the first time on January 8, 2021, and raised $275 million at $10 a unit, consisting of a share of common stock and a fifth of a warrant, which is exercisable at $11.50. Bird is planning to go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC). Live Oak Acquisition Corp. II, a SPAC, in its $1.4 billion business combination with Navitas Semiconductor, the industry leader in Gallium nitride power ICs Lead Partner. The SPAC deal originally valued Bird at around $2.3 billion. Bird is to go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC). PRESS RELEASE PR Newswire. Latham & Watkins Advises Bird Rides in de-SPAC Business Combination with Switchback II Corporation Members of the firm's M&A and Capital Markets Practices are advising the electric vehicle transportation company in the transaction that will make Bird a publicly traded company. Deal Type. Love, someone who made 7 figures from spacs last year and is already up 6 figures in SPACs this year. Nov. 2: Switchback II Corp (NYSE: SWBK) and Bird: Micromobility company Bird was founded in 2017 and introduced the first-ever shared scooter. Buying a SPAC on IPO day for above NAV is not like buying ABNB. The deal includes a $160 million "PIPE" investment led by existing Bird investor Fidelity, plus a $40 million asset financing facility from Apollo Investment Corp. and MidCap Financial Trust. Switchback II Corp., led by former oil and gas . Visit the ChargePoint Investor Relations website > To learn more about Switchback II Corporation, please visit swbk2.com . The SPAC bubble is legit right now. which could eventually be converted into stock, would help Bird avoid . Bird is poised to merge with Switchback II Corp and start trading on the New York Stock Exchange on Thursday or Friday under the ticker symbol "BRDS" in a deal valuing the scooter startup at $2.3 . Switchback II Corporation is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business . Bird, the shared electric scooter startup that operates in more than 200 cities across three continents, said Wednesday it is going public . This Is the SPAC I Am Most Excited About in 2021 Switchback II Corporation's experienced management team is looking for deals in the clean energy space. Reports first surfaced last November of Bird's SPAC ambitions, . 19:00 EDT SWBK Stock Quote Delayed 30 Minutes. The new company aims to combine with target business in the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical . SWBK : 9.35 (+14.44%) Bird Global and Switchback II Corporation Announces November 2, 2021 Extraordinary General Meeting Date to Approve Proposed Business Combination PR Newswire - Thu Oct 7, 8:36AM CDT. Price. Industry. The company's footprint is across 200+ cities and has facilitated over 95 million rides. Polestar Is an Intriguing Pick Out of the Electric Vehicle Crowd. About this SPAC Switchback II Corp. operates as a blank check company, for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities that the company has not yet identified. Santa Monica-based electric scooter rental company Bird is merging with Switchback II Corp, a SPAC, and will start trading on the New York Stock Exchange on Friday under the ticker symbol "BRDS . When that happens, Bird has prepared a planned board of directors—featuring a big-name group of industry leaders—to support its next chapter as a public company. While CLII SPAC is off its recent highs, based on its valuation multiple, EVgo still looks expensive compared to its peers. 06-22 sec.gov - EX-8.1 Exhibit 8.1 June 22, 2021 Switchback II Corporation 5949 Sherry Lane, Suite 1010 Dallas, TX 75225 Re: Switchback II Corporation Tax Opinion Ladies and Gentlemen: We have acted as counsel for Switchback II Corporation, an exempted company incorporated in the Cayman Islands with limited liability under company number 366815 . 0000 00000. In this video, I cover: About Us. Peridot Acquisition Corp. Peridot Acquisition Corp. II; Polar. The Company intends to grant . ; In a blog post announcing the SPAC, Bird CEO and Founder Travis VanderZanden said it is a "significant step on our journey to provide the . Bird Rides, a US-based electric vehicle (EV) scooter startup has agreed to merge with Switchback II, a special purpose acquisition company (SPAC), in a deal that values the former at around $2.3bn. It offers a fleet of shared electric vehicles to riders through bird.co, as well as sells products through retailers and distributors. Its first SPAC was Switchback . This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Switchback II Corp - Next ChargePoint? 05-Nov-2021. Between the lines: This is a lower valuation than what Bird got in the private markets before the pandemic, but could help set it up to benefit from a rider rebound as cities reopen. 05-Nov-2021. Deal Date. Bird to Become A Public Company via Merger with Switchback II Corporation May 12, 2021 Bird Rides, Inc., a leader in shared short range environmentally friendly electric transportation, and Switchback II Corporation (NYSE: SWBK) announced today the signing of a definitive business combination agreement that would make Bird a public company. By merging with Switchback II, a special purpose acquisition company, Bird skipped the traditional IPO process to list on the New York Stock Exchange.Now closed, the deal put a combined $414 million in cash and credit at the scooter company's disposal — minus fees related to the merger, Bird said on Friday.. Business Combination Agreement . Bird Rides Inc. made official Wednesday what dot.LA first reported Sunday night: The Santa Monica unicorn that started the e-scooter craze in 2017 will go public via SPAC at a $2.3 billion valuation.. Industry. The combined company's stock will . Switchback II Corporation SPAC Merger Partner Bird Launches Shared E-Bike And . Switchback's merger with ChargePoint has closed. Nov. 5, 2021, 07:30 AM. 0000 00000. Energy technology SPAC Switchback II Corp. files for a $250 million IPO. Let's hope they acquire another good one! Switchback II Corporation, a SPAC, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation. Nov. 2: Switchback II Corp (NYSE:SWBK) and Bird: Micromobility company Bird was founded in 2017 and introduced the first-ever shared scooter. We are sponsored by NGP Switchback II, LLC, which is owned by a private investment . On May 11, 2021, Switchback II Corporation, a Cayman Islands exempted company ("SPAC"), Maverick Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of SPAC ("Merger Sub"), Bird Rides, Inc., a Delaware corporation (the "Company"), and Bird Global, Inc., a Delaware corporation and wholly owned subsidiary of the Company ("Holdings . Can SPACs go below $10. Bird is merging with Switchback II Corporation, . Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. Nov. 2: Switchback II Corp . Shares of scooter rental company Bird will start trading on the New York Stock Exchange Thursday after shareholders in the special purpose acquisition company Switchback II Corp. approved a deal to merge with Bird. December 21, 2020. In connection with the closing of the business . Switchback II Corp. — the SPAC formed by two former oil and gas executives — said it expects the combination with Los Angeles-based Bird to close on Nov. 4.
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