Ticker LaunchSPAC · Merger completed
PropTech Acquisition Corporation
Business combination with Porch.com, Inc.
PropTech Acquisition Corporation is a blank-check company (SPAC) that raised $150M in its initial public offering on Nov 22, 2019, listing on Nasdaq Capital Market. It completed its business combination with Porch.com, Inc. on Dec 23, 2020; the combined company is Porch Group, Inc. (PRCH). Ellenoff Grossman & Schole advised the SPAC and Graubard Miller advised the underwriters on the IPO.
Porch.com operates a software and services platform for the home inspection and home service industries. It entered a definitive agreement that would make it a publicly listed company through a business combination with a special purpose acquisition company.
- Status
- Merger completed
- IPO date
- Nov 22, 2019
- IPO size
- $150M
- IPO exchange
- Nasdaq Capital Market
- Target
- Porch.com, Inc.
- Announced
- Jul 31, 2020
- Closed
- Dec 23, 2020
- Combined company
- Porch Group, Inc. (PRCH)
- SPAC counsel (IPO)
- Ellenoff Grossman & Schole
- Underwriters' counsel (IPO)
- Graubard Miller
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Nov 22, 2019
- Deal announcement (8-K) Jul 31, 2020
- Press release
- All filings on EDGAR CIK 1784535
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