Motion Acquisition Corp - Ordinary Shares - Class A

NASDAQ:MOTN  
9.99
0.00 (0.00%)
Debt Financing / Related, Exchange Changes, Other Pre-Announcement

Ambulnz To Become Publicly Traded Through Merger With Motion Acquisition Corp

Published: 03/09/2021 11:58 GMT
Motion Acquisition Corp - Ordinary Shares - Class A (MOTN) - Ambulnz (dba Docgo), a Leading Provider of Last-mile Telehealth and Integrated Medical Mobility Services, Announces Agreement to Become Publicly Traded Via Merger With Motion Acquisition Corp.
Motion Acquisition Corp - Transaction Implies an Equity Value of Approximately $1.1 Billion.
Motion Acquisition Corp - Combined Company is Expected to Be Listed on Nasdaq Under Symbol "dcgo".
Motion Acquisition Corp - Docgo Expected to Have About $225 Million of Cash and Cash Equivalents on Company's Post-combination Balance Sheet.
Motion Acquisition Corp - Motion Has a Fully Committed Pipe of $125 Million Led by Light Street Capital With Participation by Moore Strategic Ventures.
Motion Acquisition Corp - Company Expects 2021 Revenue of More Than $155 Million and Anticipates Continued Growth for Remainder of Year.
Motion Acquisition - All Net Cash Proceeds Will Be Retained by Combined Co, Existing Docgo Stockholders Rolling 100% of Their Equity Into Combined Co.
Motion Acquisition Corp - Revenue for 2022 is Currently Forecasted to Exceed $265 Million.
Motion Acquisition Corp - Docgo's Management Team, Led by Co-founder and CEO Stan Vashovsky, Will Continue to Lead Combined Company.
Motion Acquisition Corp - Motion's CEO and Director, Michael Burdiek, Will Join Company's Board of Directors Upon Completion of Transaction.