PropTech Acquisition Corp. (PTAC) to Combine with Porch.com

PropTech Acquisition Corp. (PTAC), announced this morning that they have entered into a definitive agreement to combine with Porch.com, a leading software and services platform for the home inspection and home service industries. This transaction is expected to have an implied enterprise value of $523 Million, consisting of an estimated equity value of $728 million
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