MOTNW Motion Acquisition Corp. - Warrants to purchase one Class A common

Motion Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The company intend to focus on the telematics industry, which includes companies that provide transportation software technology solutions for fleet management, freight and logistics, and connected vehicle applications. Motion Acquisition Corp. was founded in 2020 and is based in New York, New York.  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.  

$2.41  +0.22 (10.13%)
As of 10/22/2021 14:41:21 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Warrants
Category3:  Shell Companies
GICS sector:  Financials
Industry:  Shell Companies
Index country:  USA
Country of incorporation:  
IPO date:  12/11/2020
Outstanding shares:  3,833,333
Average volume:  13,146
Market cap:   $114,891,900
Current dividend yield:  0.00%
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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