Inspirato, the Innovative Luxury Travel Subscription Brand, Closes Transaction to Become Publicly Traded
Summary
“With its network-effect subscription business model, relentless focus on subscriber satisfaction, and growing supply-side momentum, it is custom-designed to help travelers make the most of their valuable time in a post-pandemic world. Simpson Thacher & Bartlett LLP acted as legal advisor to UBS, Evercore, and Stifel in their role as placement agents for institutional investors to Thayer. The Inspirato portfolio includes branded luxury vacation homes available exclusively to subscribers and guests, accommodations at five-star hotel and resort partners, and custom travel experiences. These forward-looking statements are based on Inspirato’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the risk of delays in admitting Inspirato to trading on Nasdaq; (b) the ability to meet Nasdaq’s listing standards; (c) costs related to listing on Nasdaq; (d) the ability to implement business plans, forecasts, and other expectations after the Business Combination, and identify and realize additional opportunities; (e) the risk of downturns in the travel and hospitality industry, including residual effects of the COVID-19 pandemic; (f) the possibility that Inspirato may be adversely affected by other economic, business and/or competitive factors; (g) changes in applicable laws or regulations, including legal or regulatory developments (such as changes in local laws affecting hotels, apartments and other accommodation and regulatory developments related to special purpose acquisition companies); (h) the possibility that Inspirato may be adversely affected by other economic, business and/or competitive factors and (i) other risks and uncertainties identified in Thayer Ventures’ registration statement on Form S-4 (File No.