Freightos To Go Public in $500m SPAC Merger

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...

https://mfame.guru/freightos-to-go-public-in-500m-spac-merger/

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