SmartRent completes SPAC merger with FWAA; receives $155M PIPE; begins trading Aug 25

SmartRent, Inc.

FWAA stockholders approved merger; 246 shares redeemed for ~$10 each ($2,460 total).
Legacy SmartRent stockholders received ~4.8846 shares of new SmartRent per share.
PIPE investors subscribed for 15,500,000 shares at $10 each, aggregate $155M.
Following Closing, 193,716,196 shares of Class A common stock outstanding; trading on NYSE under SMRT begins Aug 25.
Board changes: six directors appointed; Ann Sperling added; Brendan Wallace and others resigned.

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