Enjoy, a mobile retail operator best known for deliveries of cellphones and set-up services, is considering going public through a merger with a blank-check acquirer, according to a Bloomberg report citing unnamed sources. The company is reportedly in talks to merge with a SPAC called Marquee Raine Acquisition Corp., in a deal that would set a $1.6 billion valuation for the combined entity. Zedsen is developing a noninvasive technology that helps consumers understand their health based on data coming from their bloodstream through a sensor that sits on the skin’s surface. The company intends to use the new funding on technology and product development for a digital membership program, grow its staff and open its first mental health studio in New York. Experts say the large wine and spirit market will be a magnet for new players and innovation, especially when online business is growing fast and companies can leverage convenience.
The Briefing: Enjoy Eyes $1.6B SPAC Deal, AXA Has First Close On Growth Fund, And More