Experience Investment said its stockholders approved all proposals related to the previously announced business combination with Blade Urban Air Mobility.
Announced in December, terms call for Blade to receive transaction proceeds of approximately $365 million, comprised of Experience Investment Corp.’s cash held in trust and an upsized and oversubscribed $125 million fully committed PIPE.
Experience Investment said in a statement that redemptions were minimal ahead of the vote, but did not provide a figure.
The combined company’s common stock is expected to begin trading May 10 on the Nasdaq under BLDE. At closing, Blade will be the first publicly traded urban air mobility company. Read more.
