SPACs, aka reverse mergers, have exploded as a major way for tech startups to go public. Just this year, Latch's SPAC and Evolv's SPAC have been sizeable events in our industry, with the 2 deals combined raising ~$1 billion for these 2 companies with very low 2020 revenue.
This raises the question will or when will Verkada SPAC? It's been 15 months since Verkada raised $80 million and at the pace they are burning through money (they doubled employees from 300 to 600 since then), they will likely want to raise more money by the end of the year.
** *****, **** *** ************ **** financials, *** *** * $*+ ******* valuation *** ******** ** ******** ********, Verkada ****** ** **** ** ******* a ******** ******* *** *** $*.* billion ********* **** ****.
*******, ***** *** **** ******** ***** SPACs *********, *.*., *** *** ******** last ****: "**** *** ****** *** ** *** by ********** ********". ******* **** ***** *** ** be * ******* ***** ** * momentary ****, * ** *** ****.
*** ***** ***** ** *******'* ******, as **** **** **, "******* ******* *********". **** ***** ********** ****** * SPAC ******, **** *** ****** ********* exuberant **** ***** *** ** * huge ***** ** *********.
*** *****, **** *********** *****, ** how **** ***** ******* ****** ** this ****. ********* ****** *** ******* sexual ********** *** *** ****** ** the *** **** ** *** *********.
** ******* **** ****, **** ***** hundreds ** ******** ** ******* ** fresh ********** ***** ***** **** *** even ** **** ********** **** ***** expansion.
*** ******** ** ***** ****** ** that *** *******'* ******* ********** ***** face **** ******* ********. ** *** at *******'* ********** *** ************ *** competence ******* **** **** *** *** SPAC ***** **** ** ***** / excuse ** ***** **, ** ***** some, *** **********.
****:
* ***** **** ****** **** ** at **** *****. ******* **** ***** is * ****/*** ***** ** *** end ** *** ****** *** **** explain *** ******** ************ ** *** data ******* ****** *** "*******" *********. The ********** **** *** ****** **** investors **** ** ** ******* *** a **** ******* ** *** ******'* eyes ** **** *** * ***** lens ** **********. **** ** *********** to *** *** ****** *** *** terms.