MOTNU Motion Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)

Motion Acquisition Corp. operates as a blank check company. The firm was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses. The company was founded on August 11, 2020 and is headquartered in New York. NY.  This security was issued by Motion Acquisition Corp. - Class A, whose common stock symbol is MOTN.

On 3/8/2021 the company announced a pending merger with Ambulnz, Inc. (dba DocGo) a leading provider of last-mile telehealth and integrated medical mobility services. Assuming no redemptions, the SPAC shareholders will own 13% of the company. The $125 million PIPE at $10.00 per share will own 11%. Valuation is 7x estimated 2021 revenue of $155 million.  

$10.61  +0.26 (2.51%)
As of 10/15/2021 15:34:55 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Units
Category3:  Micro cap
GICS sector:  Financials
Industry:  Shell Companies
Index country:  USA
Country of incorporation:  
IPO date:  10/15/2020
Outstanding shares:  13,000,000
Average volume:  2,602
Market cap:   $114,885,000
Current dividend yield:  0.00%
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

2021 © Stock Market MBA, Inc. Terms of use | Privacy policy