Ticker Launch

SPAC · Merger completed

Fifth Wall Acquisition Corp. I

Business combination with SmartRent.com, Inc.

Fifth Wall Acquisition Corp. I is a blank-check company (SPAC) that raised $300M in its initial public offering on Feb 8, 2021, listing on Nasdaq Capital Market. It completed its business combination with SmartRent.com, Inc. on Aug 24, 2021; the combined company is SmartRent, Inc. (SMRT). Goodwin Procter advised the SPAC and Skadden, Arps advised the underwriters on the IPO.

SmartRent.com, founded in 2017 and based in Scottsdale, Arizona, is a proptech company providing the real estate industry with integrated, brand-agnostic hardware and software solutions. It says its products reduce energy consumption and prevent water damage.

Status
Merger completed
IPO date
Feb 8, 2021
IPO size
$300M
IPO exchange
Nasdaq Capital Market
Target
SmartRent.com, Inc. (Legacy SmartRent)
Announced
Apr 22, 2021
Closed
Aug 24, 2021
Combined company
SmartRent, Inc. (SMRT)
SPAC counsel (IPO)
Goodwin Procter
Underwriters' counsel (IPO)
Skadden, Arps

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