Luxury travel subscription brand Inspirato completed its business combination with Thayer Ventures Acquisition. Starting today, Inspirato’s Class A common stock and warrants will trade on the Nasdaq under the ticker symbols ISPO and ISPOW.
The news release made no mention of redemptions and the SPAC did not file an 8-K outlining the shareholder vote. Thayer Ventures traded under its $10.20 per share trust value up through the Feb. 4 deadline for redemptions, when the stock closed at $9.68.
As announced in June, the deal valued the combined company at $1.1 billion, with Inspirato expected to receive approximately $260 million of net cash proceeds, which assumed no redemptions. Read more.
