Blade becomes first publicly traded urban air mobility company
By Naomi Szeben
Blade Urban Air Mobility, Inc. announced its merger with Experience Investment Corp. an acquisition company sponsored by KSL Capital Partners. The combined holding company will change its legal name to Blade Air Mobility, Inc. and Blade Urban Air Mobility will be its wholly owned, operating subsidiary.
Trading on The Blade HoldCo’s common stock and warrants are expected to start May 10, 2021 under the ticker symbols “BLDE” and “BLDEW,” respectively. As a result of the business pairing Blade HoldCo received approximately $365 million in gross proceeds.
The Blade executive officers and chairman expressed enthusiasm, looking forward to accelerating emission-free, cost efficient urban air mobility.
In addition to Rob Wiesenthal, the Founder and Chief Executive Officer of Blade, the existing management team will continue to lead the combined company including President Melissa Tomkiel, Chief Financial Officer Will Heyburn, and Chief Technology Officer Brandon Keene.