Oh joy.
From CrunchBase News, May 18:
Not a lot of startups are going public lately. But nonetheless, we are seeing a few pursuing market debuts, including a handful of artificial intelligence-related companies taking the risky SPAC route to market.
So far this year, several AI-focused companies have announced tie-ups with SPACs, or special-purpose acquisition companies. Planned mergers span sectors including education, diagnostics and data management.
A few examples:
- iLearningEngines, a training provider which describes its focus as “AI-powered learning automation,” announced in late April that it plans to list on Nasdaq at an initial valuation of around $1.4 billion through a merger with shell company Arrowroot Acquisition Corp.
- Spectral MD, which uses artificial intelligence to predict how wounds will heal, announced last month that it is going public via a merger with a SPAC, Rosecliff Acquisition Corp I. The deal sets an enterprise value of around $170 million for the Dallas- and London-based company....
....MUCH MORE
