INSU Acquisition II in its latest filing included merger partner Metromile’s upwardly revised estimates for year-end 2020 while reaffirming projections for next year.
Metromile is a “pay-per-mile” auto insurance platform. The company said increased revenes fro the sale of insurance policies would go toward an increased marketing spend to hit growth targets.
If INSU shareholders approve the merger, the combined company would have a market cap of about $1.3 billion. A vote is not expected until early next year. Read more.
Related Posts
Provident Acquisition Prices $200M IPO
The SPAC has said it will target consumption-focused companies with disruptive growth potential that have operations in Asia.
Health Assurance $500M IPO Starts Trading Today
Shares of the healthcare SPAC are expected to begin trading today on the Nasdaq.
Jupiter Acquisition Adjourns Filament Vote to Next Week
The target is a natural psychedelic drug development company focused on the treatment of substance use disorders.
HNR Acquisition Files Investor Presentation on Pogo Resources Deal
The purchase price is $100 million in cash (of which $15 million may be in a promissory note), plus $20 million in stock.