SPAC Deep Dive, subSPAC

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SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Capital Markets

<ul><li>When Chamath Palihapitiya announced that he was backing auto-insurance startup Metromile, he compared it with Buffet’s purchase of Geico.</li><li>Metromile merged with INSU Acquisition Corp II in February 2021 in a deal that valued the insure tech firm at $1.3 billion</li><li>This transaction has likely set a precedent for De-SPACs that may have gone public at lofty valuations, yet still have strong fundamentals at its core</li></ul>

When Chamath Palihapitiya announced that he was backing auto-insurance startup Metromile, he compared it with Buffet’s purchase of Geico.Metromile merged with INSU Acquisition Corp II in February 2021 in a deal that valued the insure tech firm at $1.3 billionThis transaction has likely set a precedent for De-SPACs that may have gone public at lofty valuations, yet still have strong fundamentals at its core

Three De-SPACs that Could Be Acquired Soon

United States

Metromile Inc. operates as a car insurance company. The Company offers pay-per-mile insurance and a driving applications. Metromile serves customers in the United States.

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