ISP Starry Debuts On NYSE Via US$176 Million SPAC Deal

Wireless technology developer and internet service provider Starry, Inc, (NYSE: STRY) made its debut on the New York Stock Exchange on Tuesday. This comes after the firm completed its business combination with blank check company FirstMark Horizon Acquisition Corp.

The transaction generated around US$176 million of gross proceeds and put the resulting merger’s enterprise value at US$1.76 billion. The reverse merger closed following the shareholders’ approval securing 93.9% votes in favor.

The SPAC completed its US$300 million IPO on the NYSE in October 2020. in its search for target businesses, the firm said it intends to focus “in the technology industries primarily located in the United States.”

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The resulting firm is still headed by Starry co-founder Chet Kanojia as the CEO, while FirstMark Chairman and President Amish Jani joins the board.

Starry also announced today that the firm was named on TIME100 Most Influential Companies list.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Gold & Copper Stocks Everyone Keeps Asking About | Oct. 12-16 – Weekly Mining Mailbag

Similar Gold Mines Are Valued 10X Higher. Why Not This One? | JW Dumont – Granada Gold Mine

The US Interest Bill Gold Can’t Ignore | Peter Grandich

Recommended

Blue Jay Gold Signs Ocean Partners Deal to Ship Steller Stockpiles Through 2027

Krait Critical Minerals Signs Option for Historical Nevada King Antimony Mine

Related News

Fintech Firm Blend Labs Seeks US$360 Million In IPO

Blend Labs Inc. announced this morning the launch of its initial public offering on the...

Tuesday, July 6, 2021, 11:20:00 AM

Shein Reportedly Filed $63 Billion London IPO Amid U.S. Regulatory Hurdles

Online fashion retailer Shein has confidentially filed papers for a potential listing in London, a...

Monday, June 24, 2024, 09:02:00 AM

Renewable Energy SPAC Enphys Acquisition Prices Upsized US$300 Million IPO

Blank check company Enphys Acquisition Corp. (Nasdaq: NFYS.U) went public today on the Nasdaq Global...

Wednesday, October 6, 2021, 02:26:00 PM

Pet Valu Closes IPO Issuing 15.8 Million Shares, Raises $316.3 Million

Pet Valu Holdings Ltd. (TSX: PET) closed its initial public offering today, raising gross proceeds...

Wednesday, June 30, 2021, 11:39:00 AM

Investment Management Software Enfusion Prices US$318.75 Million IPO

Accounts payable automation software Enfusion, Inc. (NYSE: ENFN) started publicly trading on the New York...

Thursday, October 21, 2021, 02:19:00 PM