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Exclusive: Bird Plans to Go Public via SPAC at $2.3 Billion Valuation

Breaking: Bird Plans to Go Public via SPAC at $2.3 Billion Valuation

May 09, 2021

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Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic, is planning to go public through a so-called blank-check company, dot.LA has learned.

Bird is preparing to merge with Switchback II Corporation, a Dallas-based blank check company focusing on companies reducing carbon emissions, according to documents reviewed by dot.LA. Switchback has been marketing a $200 million PIPE offering in recent weeks that allows investors to buy shares of Bird at the IPO price.Read more >>