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Inspirato announces new CEO, $10m funding and layoffs
Reading Time: 2 minutesUS: Luxury travel subscription brand Inspirato has announced the appointment of a new chief executive officer [CEO], a $10 million equity financing, and another round of layoffs, while also releasing its Q2 results.
Inspirato announces second round of job cuts this year
Reading Time: 2 minutesUS: Luxury travel subscription brand Inspirato has announced its second round of job cuts this year, laying off around six per cent [50 team members] of its workforce.
Sonder and Vacasa face potential Nasdaq delistings
Reading Time: 3 minutesUS: Property management companies Sonder and Vacasa, have each received notice from the Nasdaq Stock Market that they face being delisted within the next 180 calendar days if they do not comply with minimum bid price requirements.
Mondee closes SPAC merger with ITHAX Acquisition Corp
Reading Time: 3 minutesUS: Travel tech marketplace Mondee has announced its business combination with special purpose acquisition company [SPAC] ITHAX Acquisition Corp.
Inspirato closes SPAC merger with Thayer Ventures
Reading Time: 2 minutesUS: Luxury travel subscription brand Inspirato has closed its business combination with special purpose acquisition company [SPAC] Thayer Ventures Acquisition Corporation.
Sonder closes SPAC merger to go public
Reading Time: 2 minutesSonder has gone public via a business combination with special purpose acquisition company [SPAC] Gores Metropoulos II.
Sonder moves step closer to January SPAC merger
Reading Time: 2 minutesUS: Next-generation lodging company Sonder has moved a step closer to going public in January after a registration statement was filed in connection with the proposed business combination between Sonder and special purpose acquisition company [SPAC] Gores Metropoulos II. The amended registration statement was filed with the US Securities and Exchange Commission on 20 December […]
Mondee plans SPAC merger to increase vacation rental offering
Reading Time: 2 minutesUS: Travel technology marketplace Mondee, which provides services to leisure travel agencies, tour operators and corporate and subscription businesses, is set to go public next year via a merger with special purpose acquisition company ITHAX Acquisition Corp. The transaction is expected to occur in the first half of 2022 and Mondee will list on the Nasdaq under […]
Vacasa raises $340m in SPAC merger at $4.4bn valuation
Reading Time: 2 minutesUS: Portland-based vacation rental management platform Vacasa has closed its business combination with special purpose acquisition company [SPAC] TPG Pace Solutions. The merger was approved on 30 November at a meeting between TPG Pace Solutions’ stakeholders, and Vacasa will immediately begin trading on the Nasdaq Global Select Market under the ticker symbol “VCSA”. The company […]
Vacasa appoints Messing to board of directors
Reading Time: 2 minutesUS: Vacation rental management platform Vacasa has announced that Barbara Messing is set to join the company’s board as an independent director upon the successful completion of its merger with special purpose acquisition company [SPAC] TPG Pace Solutions. Messing will bring a wealth of public company, marketing and travel experience to the company, having served as the […]