BRIEF-Rover Announces Plans To Become A Public Company Via A Merger With True Wind Capital's SPAC, Nebula Caravel Acquisition Corp

Reuters

2021/02/11

Feb 11 (Reuters) - True Wind Capital:

* ROVER, THE WORLD'S LARGEST NETWORK OF FIVE-STAR PET SITTERS AND DOG WALKERS, ANNOUNCES PLANS TO BECOME A PUBLIC COMPANY VIA A MERGER WITH TRUE WIND CAPITAL'S SPAC, NEBULA CARAVEL ACQUISITION CORP.

* TRUE WIND CAPITAL - TRANSACTION VALUES COMBINED COMPANY AT AN ENTERPRISE VALUE OF $1.350 BILLION

* TRUE WIND CAPITAL - ADDITIONAL INVESTORS COMMITTED TO PARTICIPATE IN TRANSACTION THROUGH A $50 MILLION PRIVATE PLACEMENT OF COMMON STOCK

* TRUE WIND CAPITAL - CARAVEL WILL BE RENAMED ROVER GROUP AND REMAIN NASDAQ-LISTED UNDER TICKER SYMBOL "ROVR".

* TRUE WIND CAPITAL - CO-FOUNDER AND CEO AARON EASTERLY WILL CONTINUE TO LEAD ROVER'S MANAGEMENT TEAM

Source text for Eikon:

((Reuters.Briefs@thomsonreuters.com;))

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