The Airbus Helicopters-backed air transport service will go public through the deal, with the combined company to be valued at $825m.
Blade Urban Air Mobility, the US-based air transport provider backed by aerospace manufacturer Airbus, agreed to a reverse merger with special purpose acquisition company Experience Investment Corp yesterday.
The deal will value the merged company at $825m once the deal closes. Experience Investment, which is sponsored by private equity firm KSL Capital Partners, floated in a $250m initial public offering in September 2019 and Blade will take its listing on the Nasdaq Capital Market.
The transaction will be boosted by…
