- July 29, 2021
- Posted by: Stratford Team
- Category: Business
– The combined company’s common stock is expected to begin trading on the NASDAQ exchange under the ticker symbol “ROVR”
– Rover to become the first publicly traded online marketplace for pet care
– Transaction proceeds of approximately $240 million to support Rover’s growth strategies
SAN FRANCISCO, July 28, 2021 /PRNewswire/ — Nebula Caravel Acquisition Corp. (“Caravel”) (NASDAQ: NEBC) today announced that its stockholders approved all proposals related to the previously announced business combination (the “Business Combination”) with A Place for Rover, Inc. (“Rover”) at a special meeting of stockholders held today.
(PRNewsfoto/Nebula Caravel Acquisition Corp.)
Net transaction proceeds of approximately $240 million are expected to be added to Rover’s balance sheet to continue investment in marketing, product, and acceleration of international growth.
The closing of the Business Combination is anticipated to occur on or about July 30, 2021, subject to the…