INSU Acquisition II in its latest filing included merger partner Metromile’s upwardly revised estimates for year-end 2020 while reaffirming projections for next year.
Metromile is a “pay-per-mile” auto insurance platform. The company said increased revenes fro the sale of insurance policies would go toward an increased marketing spend to hit growth targets.
If INSU shareholders approve the merger, the combined company would have a market cap of about $1.3 billion. A vote is not expected until early next year. Read more.
INSU II Target Metromile Raises 4Q Sales Estimates
