Thayer Ventures (TVAC) Shareholders Approve Inspirato Deal
by Marlena Haddad on 2022-02-11 at 6:03pm

Thayer Ventures Acquisition Corp.  (NASDAQ:TVAC) announced this afternoon that its shareholders have approved its combination with luxury travel service Inspirato in a special meeting held on Tuesday.

Thayer Ventures did not provide further details on the transaction, but the SPAC traded below its pro rata trust value of $10.20 throughout its redemption deadline February 4. TVAC closed 3.73% lower this afternoon at $9.55.

The parties closed the deal today and Inspirato’s common stock and warrants will begin trading on the Nasdaq Stock Market on Monday, February 14, under the ticker symbols “ISPO” and “ISPOW”, respectively.

Thayer originally announced its $1.1 billion deal with Inspirato last year on June 30. Denver-based Inspirato offers stays at an array of luxury hospitality destinations via a monthly subscription pass for $2,500, with a lower cost option of $600 per month, which still charges nightly rates.


ADVISORS

  • UBS Securities LLC (“UBS”) is acting as financial advisor and capital markets advisor to Inspirato, and co-lead placement agent for institutional investors to Thayer.
  • Wilson Sonsini Goodrich & Rosati is acting as legal advisor to Inspirato.
  • Evercore Group L.L.C. (“Evercore”) is acting as lead financial advisor to Thayer and co-lead placement agent for institutional investors to Thayer.
  • Stifel, Nicolaus & Company, Incorporated (“Stifel”) is acting as lead capital markets advisor to Thayer and placement agent for institutional investors to Thayer.
  • Cooley is acting as legal advisor to Thayer.
  • Simpson Thacher & Bartlett LLP is acting as legal advisor to UBS, Evercore, and Stifel in their role as placement agents for institutional investors to Thayer.
Thayer Ventures (TVAC) Shareholders Approve Inspirato Deal
Recent Posts
by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved