The Volkswagen and Access Industries-backed ride-hailing service joined forces with Rosecliff Acquisition Corp I in a deal valuing the combined company at $1bn.
Gett, an Israel-based ride hailing service backed by carmaker Volkswagen and conglomerate Access Industries, has agreed to a $1bn reverse takeover with special purpose acquisition company Rosecliff Acquisition Corp I.
The deal gives the combined company a pro forma valuation of $1bn and is boosted by $30m in private investment in public equity financing from Rosecliff Acquisition’s sponsors and selected Gett shareholders.
The business will get the position on the Nasdaq Stock Market taken by Rosecliff Acquisition in a $220m…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
