- World View, which is focused on stratospheric suvellance, agreed to go public through SPAC LEO Holdings II ( NYSE: LHC ).
- The deal will value the combined company at a pro forma enterprise value of about $350 million, according to a statement. The transaction will provide up to $121 million in gross proceeds. World View plans to use the capital to expand its global remote sensing business into new markets and industries.
- The deal is expected to close in Q2.
- The news was earlier reported by Bloomberg.
- Another Leo SPAC took agriculture startup Local Bounti public in June 2021.
For further details see:
World View to go public through deal with SPAC Leo Holdings II