Bird Rides Plans SPAC Merger at $2.3B Valuation: Report

Switchback II

Bird Rides, the Santa-Monica, CA, e-scooter company that was once a startup darling but saw ridership plunge during the pandemic, is planning to go public through a blank-check company, dot.LA reports.

Bird is preparing to merge with Switchback II Corporation, a Dallas-based SPAC company focusing on companies reducing carbon emissions, according to documents reviewed by dot.LA. Switchback has been marketing a $200 million PIPE offering in recent weeks. Read more.

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