- Blade Air Mobility Inc. (NASDAQ:BLDE) has entered into a definitive agreement to acquire Trinity Air Medical, Inc., a multi-modal organ logistics and transportation company, for an upfront purchase price of ~$23 million.
- Blade Air Mobility to pay potential additional contingent consideration based on Trinity’s achievement of specific EBITDA growth targets over three years.
- Trinity generated revenues of ~$16 million in 2020. Blade Air Mobility expects the acquisition to accelerate revenue growth in its MediMobility business.
- Seth Bacon will become CEO, and Scott Wunsch will become COO of Blade MediMobility, and all Trinity employees will be incentivized and expected to remain with the company post-transaction.
- Blade Air Mobility held cash and equivalents of $333 million as of June 30, 2021.
- The company plans to close the transaction during the week of September 13, 2021.
- Price Action: BLDE shares are trading higher by 15.47% at $10.15 on the last check Thursday.
Metaverse Land Just Sold For $64,873 (23,420 MANA) In Decentraland
What happened: Virtual land tokenized as an NFT just sold for $64,873, which is 4.83x the current floor price of 4.5467295 Ethereum (CRYPTO: ETH) ($64,873 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52 square feet.
