Investing app Acorns to go public through a blank-check merger valued at $2.2 billion

Savings and investing app Acorns plans to go public by merging with a blank-check company.

The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company, or SPAC. The merger values Acorns at roughly $2.2 billion and is expected to close in the back half of this year.

When it is finalized, Acorns will trade on the Nasdaq under the symbols OAKS — a nod to the company’s motto and analogy of growing acorns into “mighty oaks.”

https://www.cnbc.com/2021/05/27/acorns-to-go-public-through-a-blank-check-merger-valued-at-2point2b.html