YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
U.S. crowd-safety company Evolv Technology announced yesterday it would go public in a $1.7 billion special-purpose acquisition company deal.
Through the agreement, Evolv is combining with blank-check firm NewHold Investment Corp. SPACs are shell companies that raise funds to acquire a private company with the purpose of taking it public. It's an alternative to the traditional initial public offering.
Evolv is backed by investors including Microsoft co-founder Bill Gates.
Read more from Reuters.
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