Brief: Rover Announces Plans To Become A Public Company Via A Merger With True Wind Capital's SPAC, Nebula Caravel Acquisition Corp

Rover

11/02/2021 13:40

Feb 11 (Reuters) - True Wind Capital:
    * ROVER, THE WORLD'S LARGEST NETWORK OF FIVE-STAR PET
SITTERS AND
DOG WALKERS, ANNOUNCES PLANS TO BECOME A PUBLIC COMPANY VIA A
MERGER WITH TRUE WIND CAPITAL'S SPAC, NEBULA CARAVEL ACQUISITION
CORP.
    * TRUE WIND CAPITAL - TRANSACTION VALUES COMBINED COMPANY AT
AN
ENTERPRISE VALUE OF $1.350 BILLION
    * TRUE WIND CAPITAL - ADDITIONAL INVESTORS COMMITTED TO
PARTICIPATE IN TRANSACTION THROUGH A $50 MILLION PRIVATE
PLACEMENT OF COMMON STOCK
    * TRUE WIND CAPITAL -  CARAVEL WILL BE RENAMED ROVER GROUP
AND
REMAIN NASDAQ-LISTED UNDER TICKER SYMBOL "ROVR".
    * TRUE WIND CAPITAL -  CO-FOUNDER AND CEO AARON EASTERLY
WILL
CONTINUE TO LEAD ROVER'S MANAGEMENT TEAM

Source text for Eikon:  ID:nPn5hxyVWa 

 ((Reuters.Briefs@thomsonreuters.com;))