Gett decided to go public with a “shell company”
Gett taxi ordering service decided to become public through SPAC dummy “Rosecliff Acquisition Corp. The company confirmed its intention in its press release. Rosecliff Acquisition Corp. Is a special purpose acquisition company (SPAC), its shares are already listed on the stock exchange. Overall, SPACs are firms with no assets, no business plan and no history of activity, they work to get others to go public without going through an IPO. The deal was unanimously approved by the Boards of Directors of Gett and Rosecliff, the merger will bring Gett about 253 million dollars. The value of the combined company was estimated at one billion dollars, on NASDAQ it will be traded under the ticker GETT. The Wall Street Journal previously wrote about the deal and noted that within the framework of this deal, Gett will be able to attract about $ 30 million in private investment. Gett was founded in