secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2021-08-25T23:59:59+00:00
Accession:  0001193125-21-255222
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000119312521255222/0001193125-21-255222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000119312521255222/d525513d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-255222

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