Deal Details

Wejo Merges with SPAC Virtuoso

Technology & Services

Wejo merger with Virtuoso

Summary

Wejo Group Limited (“Wejo” or the “Company”) announced that it has closed its previously announced merger with the special purpose acquisition company Virtuoso Acquisition Corp. (“Virtuoso”). Through the merger, Wejo common stock and warrants began trading on the Nasdaq (NASDAQ: WEJO and WEJOW).

Baird served as capital markets advisor to Wejo Group Limited on this transaction.

About

Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The Company enables smarter mobility by organizing trillions of data points from 11.9 million vehicles and more than 60 billion journeys globally, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo is headquartered in Manchester, the United Kingdom.

Virtuoso was a blank check company whose business purpose was to effect a merger, stock purchase or similar business combination with one or more businesses. Jeffrey Warshaw, CEO and Director, founded Connoisseur Communications Partners and Ferocious Media and remains a board member for numerous media-related companies. Michael Driscoll, CFO, currently serves as the CFO and co-founder of Connoisseur Media. Virtuoso is headquartered in Westport, Connecticut.

Technology & Services

Wejo merger with Virtuoso