Manage Tickers Link Financial Account

Has my stock been accused of fraud?Join over 160k users who know.

Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Broadband Provider Starry To List Via SPAC Merger With FirstMark Horizon

Author: Anusuya Lahiri | October 07, 2021 08:15am

Broadband internet service provider Starry Inc aims for a public listing via the special purpose acquisition company (SPAC) merger with FirstMark Horizon Acquisition Corp (NYSE:FMAC).
Boston's Starry and the venture capital firm FirstMark backed SPAC would have a combined value of over $1.66 billion, Bloomberg reports.
The transaction implies a pro forma enterprise value of $1.66 billion and will give Starry $452 million in cash on the balance sheet, including $130 million from a fully committed PIPE and contemporaneous equity round.
Starry offers next-day or same-day installation. It has a presence in Boston, New York, Washington, Denver, and Los Angeles.
Internet television service Aereo founder Chet Kanojia founded Starry.
They aim to raise over $100 million in an equity placement to support the deal.
Starry will be listed on a national exchange under the ticker symbol "STRY."
Price Action: FMAC shares closed at $9.81 on Wednesday.

Posted In: FMAC FPX IPO