Service for taxi Gett released on the NASDAQ stock exchange as a result of association with “shell company” Rosecliff Acquisition Corp. The intention of the company confirmed in a press release.
Rosecliff Acquisition Corp. – a company that specializes in mergers and acquisitions (special purpose acquisition company, SPAC), its shares have been traded on the stock exchange. In general, SPAC is a company without assets, business plan and activity history, it works for other yield on a stock exchange, bypassing the IPO process.
The transaction has been unanimously approved by the boards of directors and Gett Rosecliff, the union will Gett about 253 million dollars. the combined value of the company was estimated at one billion dollars, on the NASDAQ it will trade under the ticker GETT.
Previously, the transaction wrote The Wall Street Journal, and noted that in the framework of this transaction Gett able to raise about $ 30 million of private investment.
Gett is founded in 2010 in Israel by Schahar Weisoner. Now Gett works in Israel, the US, Russia and the UK. In total, since its inception in Gett attracted 913 million dollars from Volkswagen, Access, Kreos, MCI and other investors.