SmartRent completes SPAC merger with Fifth Wall, receives ~$450M cash; SMRT begins NYSE trading

SmartRent, Inc.

Completed business combination with FWAA; begins trading on NYSE under SMRT on Aug 25, 2021.
Received approx. $450M in cash net of fees, including $155M PIPE anchored by Starwood, Lennar, Invitation Homes.
~99.9% of trust funds remained net of redemptions; no SPAC warrants issued; founder shares locked up to 3 years.
Recent highlights: 182 customers (3.5M units), 15 of top 20 multifamily owners, student housing entry, new products.
Leadership unchanged; Board includes Haldeman, Beard, Best, Dorman, Strohm, Tuomi, Sperling.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.