Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a SPAC led by recurring “Shark Tank” guest judge Matt Higgins, Bloomberg reports, citing people with knowledge of the matter.
The combined entity is set to be valued at over $1 billion, one of the people said. Terms could change and as with all transactions that aren’t yet finalized, it’s possible talks could collapse. A deal, if agreed, could be announced next month, one of the people said.
Representatives for Omnichannel and Kin declined to comment.
Kin focuses on coverage in “catastrophe prone” regions., such as Florida, Louisiana and California. Read more.
