The Latest SPAC News and Rumors: October 20, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DocGo adds ports and augments its services with Carnival Corporation, and Kin Insurance continues rapid growth trajectory in third quarter 2021
DocGo Takes to Sea with Carnival Corporation
DocGo, a leading provider of last-mile mobile health services and integrated medical mobility solutions that has entered into an agreement to merge with Motion Acquisition Corp. (NASDAQ:MOTN), is adding ports and augmenting its services with Carnival Corporation to include stationing DocGo response teams on board the cruise ships.
DocGo is now working with Carnival Corporation on cruise homeports in the US. Since its first launch with Carnival Corporation, DocGo has created a footprint that reaches across Galveston, Texas, Cape Canaveral, Florida, Seattle, WA, and major ports in California and Maryland.
READKin Insurance Continues Rapid Growth Trajectory in Third Quarter 2021
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE:OCA), today announced select preliminary operating results for the third quarter ended September 30, 2021.
Gross Profit from Kin’s Management Operations grew 487% to $8.0 million, compared to $1.4 million in the prior-year period.
Total Managed Premium quintupled to $27.8 million for the third quarter of 2021 compared to $5.4 million of Total Managed Premium in the prior-year period.
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