Pioneer Merger Corp - Ordinary Shares - Class A

-0.02 (-0.20%)
Exchange Changes, Equity Financing / Related, Initial Public Offerings

Acorns, The Largest Subscription Service In Consumer Finance, To Become Publicly Traded Company

Published: 05/27/2021 11:44 GMT
Pioneer Merger Corp - Ordinary Shares - Class A (PACX) - Acorns, the Largest Subscription Service in Consumer Finance, to Become Publicly Traded Company.
Acorns Grow - Combined Company Will Continue As a Publicly Listed Entity.
Acorns Grow - Combined Co Will Have an Expected Pro Forma Fully-diluted Equity Value of About $2.2 Billion, Assuming No Redemptions.
Acorns - Investors Including Wellington Management, Tpg & Funds, Accounts Managed by Blackrock Committed to Oversubscribed, Upsized Private Placement at Closing.
Acorns - Combined Public Company Expected to Have Over $450m Cash Balance at Closing.
Acorns - Upon Completion, Co Will Operate As Acorns Holdings, Inc. and is Expected to Trade Under Symbol "oaks" on Nasdaq Capital Market.
Acorns - New Acorns Will Continue to Be Led by Noah Kerner, Ceo, and Co's Experienced Management Team.