Deals
Plastiq to Merge With Colonnade SPAC in $480 Million Deal
- Company’s backers include Kleiner, B Capital, Khosla Ventures
- Sambuco’s SPAC, Plastiq had been talking for a year, CEO says
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Payments provider Plastiq Inc. has agreed to go public via a merger with Joseph Sambuco’s blank-check firm.
Plastiq’s tie-up with Colonnade Acquisition Corp. II will create a company with a value of about $480 million, including debt, according to a statement Thursday.