INAQ News and Press, Insight Acquisition Corp. Class A From 02/09/21

PHILADELPHIA AND SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- INSU Acquisition Corp. II, a publicly traded special purpose acquisition company (“INSU II”) (NASDAQ: INAQ), today announced the business combination (the “Business Combination”) between INSU II an...

Graves’ investment joins Chamath Palihapitiya’s Social Capital, Mark Cuban and leading institutional investors SAN FRANCISCO , Feb. 01, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Ryan Graves...

SAN FRANCISCO , Jan. 29, 2021 (GLOBE NEWSWIRE) -- MetroMile, Inc. (“Metromile”), a leading digital insurance platform and pay-per-mile auto insurer, announced it has received the necessary regulatory approvals, including approval from the Delaware Department of Insurance and t...

PHILADELPHIA, Jan. 15, 2021 (GLOBE NEWSWIRE) -- INSU Acquisition Corp. II, a  publicly traded special purpose acquisition company (the “Company”) (“INSU II”) (NASDAQ: INAQ), announced today that its registration statement on Form S-4 (File No. 333-250989...

SPACs or special purpose acquisition companies are currently all the rage. I feel conflicted about their popularity; on one hand, a great opportunity but others bring rather questionable companies to market. In this article, I go over ways I find interesting to engage with these u...

SAN FRANCISCO, CA, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”), a leading digital insurance platform and pay-per-mile auto insurer, today announced that Chief Executive Officer Dan Preston will participate in a virtual fireside chat at the ICR Conference on...

A third blank-check company sponsored by Cohen & Company (COHN) INSU Acquisition (IIIIU) has raised $218M by offering upsized 21.8M units (20M) at $10/unit.Trading commences today on Nasdaq.Each unit consists of one share of Class A common stock and one-third of one warrant exercisab...

Metromile, the digital auto insurance platform that's set to be acquired by INSU Acquisition Corp. II (INAQ), now expects to end 2020 with 92,253 policies in force, up from its prior forecast of 91,944.Also boosts full-year 2020 contribution profit forecast to $14.1M from $11.3M.Sees ful...

2020 Year-End Policies in Force Projected to be 92,253 vs. 91,944 Prior Forecast Full Year 2020 Contribution Profit Forecast Now $14.1M vs. $11.3M Prior Forecast Full Year 2020 Loss Ratio Forecast Now 59.8% vs. 63.3% Prior Forecast SAN FRANCISCO, ...

Lemonade's narrative of using reinsurance to generate a 25% margin is an impossibility in my view. Quota share reinsurance does not protect Lemonade's margins. Stock is wildly overvalued even when compared to high growth peers. Management has made multiple statements that I fi...