Virtuoso Acquisition stockholders voted in favor of merging with Wejo Group, a global company engaged in connected vehicle data.
The deal is expected to close tomorrow. Wejo stock and warrants will begin trading on the Nasdaq Friday under “WEJO and WEJOW.
There was no mention of redemptions, if any, in the news release, although the SPAC had already raised sufficent cash through a PIPE and forward purchase agreement to render any redemtions irrelevant.
As announced in May, the $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value. Read more.
