FirstMark Horizon Acquisition Corp. (FMAC) to Combine with Starry in $1.6Bn Deal

Oct 7, 2021 INTEL by Nicholas Alan Clayton

FirstMark Horizon (NYSE:FMAC) has entered into a definitive agreement to combine with internet service provider (ISP) Starry at an enterprise value of $1.66 billion, or 6.9x its 2025E adjusted EBITDA. Boston-based Starry provides wireless internet to consumers at gigabit speeds using narrow-wave technology. The combined company is expected to trade on under the symbol “STRY”
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FirstMark Horizon Acquisition Corp. (FMAC) to Combine with Starry in $1.6Bn Deal

FirstMark Horizon Acquisition Corp. (FMAC) to Combine with Starry in $1.6Bn Deal

ByNicholas Alan Clayton