SmartRent.Com Incorporated announced this Thursday that it intends to go public with a merger with Fifth Wall Acquisition Corporation(FWAA). This SPAC deal would result in the equity of the combined company amounting to US$ 2.2 billion. Also, the combined company will possess US$ 513 million in cash. After the merger, SmartRent’s existing shareholders will own around 73% of the pro forma company at the close.
SmartRent's Market base
SmartRent is an Amazon-backed Smart home automation service provider. It develops tech products for households that automate their daily operational processes. Its technology is used in over 185,000 homes in the United States and Canada. For instance, its customers include building owners and developers like t...
