Fifth Wall Acquisition Corp. I (NASDAQ:FWAA) announced in an 8-K filing this morning that its shareholders approved its combination with smart home technology platform Smart Rent at a special meeting yesterday.
The filing did not include redemption details, but they were unlikely to be high. Fifth Wall I has been among the rare bright spots in the SPAC market in terms of trading performance having stayed above $10 since March and spent most of August above $12.
The transaction will now likely be completed shortly with the combined company expected to trade on the Nasdaq under the symbol “SMRT”.
Fifth Wall initially announced the $1.7 billion deal with Smart Rent on April 22. Scottsdale, Arizona-based SmartRent is a proptech company that provides the real estate industry with deeply integrated, brand-agnostic hardware and software solutions.
Smart Rent’s business strongly resembles Latch, which announced a $1 billion combination with TS Innovation (NASDAQ:TSIA) in January and completed its combination on June 3. Both companies provide smart home devices and services through a software-as-a-service (SaaS) model to property managers and developers. LTCH opened today at $10.21.
Fifth Wall shareholders approved the transaction nearly unanimously with 83% of shares participating in the vote, however some measures on the ballot received as many as 35% of votes against. For a full list of proposals and vote tallies, click HERE.
ADVISORS
- J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as co-financial advisors to SmartRent.
- DLA Piper LLP (US) is acting as its legal counsel.
- Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as Lead Placement Agents on the PIPE for Fifth Wall Acquisition Corp. I.
- Deutsche Bank Securities and Goldman Sachs & Co. LLC are acting as Capital Markets Advisors to Fifth Wall Acquisition Corp. I.
- Gibson, Dunn & Crutcher LLP is serving as legal counsel to Fifth Wall Acquisition Corp. I
- Moelis & Company LLC is acting as financial advisor to the board of directors of Fifth Wall Acquisition Corp. I.
- Simpson, Thacher & Bartlett LLP is serving as counsel to the placement agents.


Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...