PropTech and Porch.com announced that they have closed their business combination following shareholder approval earlier this week.
With the closing, the combined company has been renamed Porch Group. Common stock and warrants begin trading today on the Nasdaq under PRCH and PRCHW.
Porch is a platform providing software and services to realtors, moving companies, house inspectors and other home-services companies.
Porch is expected to receive $322 million in gross proceeds on the deal, Including a $150 million fully committed PIPE. Read more.
