Experience Investment set a shareholder vote for May 5 on the SPAC’s proposed business combination with Blade Urban Air Mobility. Today Experience Investment also filed a definitive proxy statement on the deal with the SEC.
Announced in December, terms call for Blade to receive $400 million in gross proceeds, comprised of Experience Investment Corp.’s cash held in trust and an upsized and oversubscribed $125 million fully committed PIPE.
Blade is a helicopter taxi platform, utilizing a technology-powered, asset light model. Read more.
