Acorns Grow Incorporated to Go Public via SPAC Pioneer Merger (PACX) Valued at ~$2.2B
May 27, 2021
Acorns Grow Incorporated entered into a definitive business combination agreement with publicly traded SPAC Pioneer Merger Corp. to bring Acorns to the public markets. The transaction is expected to close in the second half of 2021, with the combined company having an expected pro forma fully-diluted equity value of approximately $2.2 billion.
- Buyers
- Pioneer Merger Corp. (PACX)
- Targets
- Acorns Grow Incorporated
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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