SmartRent Completes Business Combination with Fifth Wall Acquisition Corp. I
Summary
I ("FWAA"), a publicly-traded special purpose acquisition company (“SPAC”) sponsored by an affiliate of Fifth Wall, the largest venture capital firm focused on the global real estate industry and proptech. “We are experiencing strong demand for our value-enhancing, open-architecture and hardware-agnostic operating system, that provides cost savings and additional revenue opportunities to property owners while helping them achieve their sustainability goals. This transaction will allow us to accelerate our growth strategy, and we look forward to our continued partnership with Fifth Wall as we further extend our leadership in this rapidly growing market.” “Before SmartRent, the real estate industry lacked an integrated software management platform that could deliver a smart home experience for real estate operators,” said Brendan Wallace, CEO of Fifth Wall Acquisition Corp. SmartRent’s Board of Directors will be comprised of seven members, including Lucas Haldeman, Alana Beard, Robert Best, John Dorman, Bruce Strohm, Frederick Tuomi, and Ann Sperling. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or "continue" or similar expressions.