Alto Pharmacy, a startup that specializes in same-day delivery of prescription medications, is in talks to go public via a blank-check firm affiliated with Alec Gores, Bloomberg reports, citing people with knowledge of the matter.
A deal between Alto and Gores Technology Partners II, featuring a PIPE, is set to value the combined entity at around $2.3 billion, one of the people said. A transaction hasn’t been finalized and it’s possible talks could collapse. Read more.
