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Matternet Goes Public With $33M Reverse Merger
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Matternet Goes Public With $33M Reverse Merger
Matternet closed a $33 million private placement and went public last week through a reverse merger with shell company Los Altos Ventures Corp., now renamed Matternet Inc. The deal makes Matternet the first pure play drone delivery company on U.S. public markets, a milestone the company has been positioning for since landing FAA type certification for its M2 platform in 2022. Lead placement agents were Benchmark Company and Seaport Global Securi…
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