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SPAC · Merger completed

Switchback II Corporation

Business combination with Bird Rides, Inc.

Switchback II Corporation is a blank-check company (SPAC) that raised $275M in its initial public offering on Jan 11, 2021, listing on New York Stock Exchange. It completed its business combination with Bird Rides, Inc. on Nov 4, 2021; the combined company is Bird Global, Inc. (BRDS). Goldman Sachs led the IPO. Vinson & Elkins advised the SPAC and Latham & Watkins advised the underwriters on the IPO.

Bird is an electric vehicle transportation company that provides a fleet of shared electric scooters to riders in over 200 cities. It also sells its products through its website and retailers, and partners with cities to offer affordable transportation.

Status
Merger completed
IPO date
Jan 11, 2021
IPO size
$275M
IPO exchange
New York Stock Exchange
Target
Bird Rides, Inc.
Announced
May 12, 2021
Closed
Nov 4, 2021
Combined company
Bird Global, Inc. (BRDS)
IPO underwriters
Goldman Sachs
SPAC counsel (IPO)
Vinson & Elkins and Maples and Calder
Underwriters' counsel (IPO)
Latham & Watkins

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