Rover Group Inc (ROVR)

[TallTrader]

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.

- Over 2 million pet parents have booked a service on Rover with more than 500,000 pet care providers across North America and Europe

- Transaction values the combined company at an enterprise value of $1.350 billion and is expected to provide approximately $325 million in gross cash proceeds to the Company that will enable continued investment in growth, market expansion, and product development

- As part of the transaction, additional investors have committed to participate in the transaction through a $50 million private placement of common stock

- Investor call scheduled for February 11, 2021 at 3:00 p.m. ET

https://www.prnewswire.com/news-releases/rover-the-worlds-largest-network-of-five-star-pet-sitters-and-dog-walkers-announces-plans-to-become-a-public-company-via-a-merger-with-true-wind-capitals-spac-nebula-caravel-acquisition-corp-301226679.html