Freightos To Go Public in $500m SPAC Merger

Capt. John
Credit: frank mckenna/Unsplash

Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with shippers, was publicly listed on the Nasdaq exchange after combining with a blank-check company to raise $80 million, taking a route less traveled since the SPAC market fell out of favor, reports Forbes.

Even during the pandemic boom, few alternative initial public offerings involved freight transportation companies. Last month, Turkey-based MNG Airlines also entered...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.