Sumary of A Flying Taxi Start-Up and E-Commerce Play Will Ride a New $5 Billion Blank-Check Wave:
- Yucaipa Acquisition Corp stock traded more than 1% higher in the premarket following the news of its plans to merge with Signa Sports United..
- Vertical Aerospace announced on Thursday that it would merge with Broadstone Acquisition Corp in a move to become a publicly-listed company on the New York Stock Exchange..
- Meanwhile, on Friday, German sports e-commerce platform Signa Sports United announced it would go public on the NYSE by merging with Yucaipa Acquisition Corp..
- The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021….