Barkbox completed its merger with Northern Star Acquisition, following the SPAC’s shareholder May 28 vote in favor of the deal.
Common stock and warrants begin trading today on the NYSE under new ticker symbols BARK and BARK WS, respectively.
In connection with the merger and related private placement, BARK received approximately $427 million in cash proceeds. The funds are expected to be used to expand BARK’s pet food, home and health product lines, fuel the continued growth of its toy and treat subscription services, enhance cross-selling opportunities and reach new customers domestically and abroad.
The newly combined company has an enterprise value of approximately $1.6 billion, including debt. Read more.
