Omnichannel Acquisition Corp. (OCA) to Combine with Kin Insurance in $1.03B Deal

Omnichannel Acquisition Corp. (NYSE:OCA) has entered into a definitive agreement to combine with insurance technology company Kin Insurance, Inc. at an enterprise value of $1.03 billion, or 15x its 2022E gross profit. Chicago-based Kin is a pure-play direct-to-consumer digital insurer for homeowners and allows customers to insure their home within just minutes. The combined company
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