About 98% of Switchback II shareholders voted today in favor of the business combination with electric scooter company Bird Rides.
The deal is expected to close Nov. 4, when stock and warrants of Bird Rides are expected to begin trading on the NYSE under BRDS and BRDS WS.
Switchback II said it would be filing an 8-K outlining the vote, but the form was not available on the SEC’s website as of late this afternoon.
As announced in May, aggregate funding for the deal combines Switchback’s $316 million cash-in-trust (assuming no redemptions) and a $160 million PIPE, with a $2.3 billion valuation for the combined enterprise. Read more.
