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Urban Heli-taxi blade to go public via merger

Shortpedia

Content Team
Image Credit: shortpedia

Urban helicopter taxi company Blade will become public company after a merger with Nasdaq-listed Experience Investment Corp, the companies announced Tuesday. The deal, expected to close in the first half of 2021, will give the company an equity value of USD 825 million. Proceeds from the deal total UD 400 million, which includes cash from Experience and USD 125 million from private investment.