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General

Starry to go public via SPAC, valuing company at almost USD 2 billion

Thursday 7 October 2021 | 17:30 CET | News
US fixed wireless provider Starry has entered into a merger with FirstMark Horizon Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by an affiliate of FirstMark Capital. After completion, the merged company will continue to operate as Starry and get listed on a national exchange. The transaction implies a pro forma enterprise value of USD 1.66 billion and will give Starry USD 452 million in cash on the balance sheet. Starry said it will use the money to fund its growth and the deployment of its services across the US, and to retire existing debt.

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Categories: General
Companies: Starry
Countries: United States
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