SPACInsider Logo
Podcast: Wejo’s CEO Richard Barlow and TKB Critical Technologies 1 Co-CEO & CFO Angela Blatteis
by Kristi Marvin on 2023-02-10 at 9:42am

Why stop at one SPAC deal when you can do two SPAC deals? This week we speak with Wejo (NASDAQ:WEJO) CEO Richard Barlow.

Wejo announced a business combination with TKB Critical Technologies 1 (NASDAQ:USCT) in January, about 15 months after it closed an earlier combination with Virtuoso Acquisition Corp.

Richard walks us through how Wejo weathered challenging market conditions 2022 and provides an update on its new business plan.

TKB 1 Co-CEO and CFO Angela Blatteis also joins and gives the behind-the-scenes look at how her team reached into the 2010 playbook to make this deal’s structure possible.

Could this deal start a trend among the hundreds of SPACs still searching? And what conditions need to be present for this to work?

Give it a listen.


 

 

Recent Posts
by Nicholas Alan Clayton on 2023-05-30 at 4:25pm

Vehicle data-tracker Wejo (NASDAQ:WEJO) announced in an 8-K this afternoon that it has filed its intention to appoint an administrator to oversee its insolvency and it is evaluating whether it will do so in the United States as well. The company, which completed a de-SPAC transaction with Virtuoso in November 2021, has another SPAC deal...

by Marlena Haddad on 2023-05-30 at 1:34pm

Aimei Health Technology Co.  (NASDAQ:AFJK) filed its S-1 Friday afternoon for a $50 million IPO, marking the fourth SPAC to file for an IPO in May and the twelfth year-to-date. Given its name, it comes as no surprise that Aimei Health Technology intends to pursue prospective targets that are focused on healthcare innovation. More specifically, the...

by Marlena Haddad on 2023-05-30 at 11:35am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: GreenLight Biosciences returns to private market, Jet.AI partners with Vegas Golden Knights and Cirrus Aviation, and True Velocity announces partnership with FN America GreenLight returns to private market in $46M deal after taste of...

by Nicholas Alan Clayton on 2023-05-30 at 10:53am

GreenLight Biosciences (NASDAQ:GRNA), which combined with Environmental Impact in February 2022, announced this morning that it is being acquired in a go-private transaction by Fall Line Capital for $45.5 million. While this is a steep valuation decline from its $1.23 billion enterprise value at the announcement of its SPAC deal, this price does represent a...

by Marlena Haddad on 2023-05-30 at 9:58am

FOXO Technologies Inc. (NYSE:FOXO), which completed its business combination with Delwinds Insurance in September 2022, announced this morning that it has consummated its exchange offer for all outstanding warrants as well as its PIK note offer to amend. As part of the offer, all holders of FOXO’s warrants received 4.83 shares of Class A common...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved