- June 25, 2021
- Posted by: Stratford Team
- Category: Business
NEW YORK–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
BUZZFEED, THE LEADING, CULTURE-DEFINING PLATFORM FOR DIGITAL CONTENT AND COMMERCE, TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH 890 FIFTH AVENUE PARTNERS, INC.
Proceeds from the Combination will include up to $288 Million in Trust and an Additional $150 Million in Convertible Note Financing
BuzzFeed also Announces Plans to Acquire Complex Networks
- BuzzFeed will become publicly listed via a merger with 890 Fifth Avenue Partners Inc. (Nasdaq: ENFA), a publicly-traded special purpose acquisition company, or SPAC, which holds $288 million in cash in its trust account
- BuzzFeed has also secured approximately $150 million in convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial…