Thayer Ventures Acquisition Corp. (NASDAQ:TVAC) announced this afternoon that its shareholders have approved its combination with luxury travel service Inspirato in a special meeting held on Tuesday.
Thayer Ventures did not provide further details on the transaction, but the SPAC traded below its pro rata trust value of $10.20 throughout its redemption deadline February 4. TVAC closed 3.73% lower this afternoon at $9.55.
The parties closed the deal today and Inspirato’s common stock and warrants will begin trading on the Nasdaq Stock Market on Monday, February 14, under the ticker symbols “ISPO” and “ISPOW”, respectively.
Thayer originally announced its $1.1 billion deal with Inspirato last year on June 30. Denver-based Inspirato offers stays at an array of luxury hospitality destinations via a monthly subscription pass for $2,500, with a lower cost option of $600 per month, which still charges nightly rates.
ADVISORS
- UBS Securities LLC (“UBS”) is acting as financial advisor and capital markets advisor to Inspirato, and co-lead placement agent for institutional investors to Thayer.
- Wilson Sonsini Goodrich & Rosati is acting as legal advisor to Inspirato.
- Evercore Group L.L.C. (“Evercore”) is acting as lead financial advisor to Thayer and co-lead placement agent for institutional investors to Thayer.
- Stifel, Nicolaus & Company, Incorporated (“Stifel”) is acting as lead capital markets advisor to Thayer and placement agent for institutional investors to Thayer.
- Cooley is acting as legal advisor to Thayer.
- Simpson Thacher & Bartlett LLP is acting as legal advisor to UBS, Evercore, and Stifel in their role as placement agents for institutional investors to Thayer.
Terms Tracker for the Week Ending May 2, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. April wrapped with some real momentum. Over the course of the month, 19 SPACs filed new S-1s, while 12 IPOs priced. Furthermore, nine deal announcements...
ProCap Acquisition Corp. (NASDAQ:PCAPU) has filed for a $200 million SPAC to hunt for a fintech or financial services target. The new S-1 filing was BTIG’s second of the week after a two-month break, bringing its 2025 new SPAC filings to five and the bank has so far managed to IPO five SPACs as well....
MSM Frontier Capital Acquisition Corp. (NASDAQ:MSMUU) has filed for a $225 million SPAC to search for a infrastructure target in Africa. The new SPAC will head out on this expedition with a trust that is not overfunded and units that each contain one right to a 1/8 share. It will also have 24 months to...
At the SPAC of Dawn This action-packed week in SPACs comes to an end with three more SPACs launching their IPOs, bringing it to nine on the week. And, the crypto strategy that SPACInsider noticed becoming increasingly popular among de-SPACs earlier this year has continued to gain steam. This week, edtech firm Classover (NASDAQ:KIDZ), fresh...
Cartesian Growth Corporation III (NASDAQ:CGCT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CGCT”, Friday, May 2, 2025. The new SPAC intends to combine with a closely held private company ready to make the jump to being a market-leading transnational...