Deals
Balloon Surveillance Startup to List in $350 Million SPAC Deal
- Combined entity to be valued at $350 million, including PIPE
- World View has ambitions to operate space tourism business
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World View, which focuses on remote sensing and stratospheric surveillance, has agreed to go public through a merger with a blank-check firm.
The deal with Leo Holdings Corp. II will see World View’s owners receive a total consideration of about $350 million, subject to adjustments, according to a regulatory filing Friday that confirmed an earlier Bloomberg News report.