Shareholders back Lakestar SPAC merger with Germany's HomeToGo

HomeToGo SE

13/09/2021 13:19

BERLIN, Sept 13 (Reuters) - Shareholders on Monday
unanimously backed a merger between listed shell company
Lakestar SPAC I  LRS1.DE  and German travel tech startup
HomeToGo, although proceeds from the deal were reduced by
investor redemptions.
    As a result of the transaction, Berlin-based HomeToGo will
receive a 250 million euro ($295 million) cash injection from
the special-purpose acquisition company, or SPAC, promoted by
venture capitalist Klaus Hommels.  urn:newsml:reuters.com:*:nL8N2KN52O

 (Reporting by Douglas Busvine; Editing by Maria Sheahan)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))