Virtuoso Acquisition Corp. announced on 16 November that Virtuoso Acquisition’ stakeholders approved the proposed merger with Wejo Group Limited. The merger is expected to close on 18 November 2021.
Significance: Upon the merger of Virtuoso Acquisition Corp. and Wejo Group Limited all the common stock and warrants of the combined company will be called Wejo and will begin trading on the Nasdaq Stock Market on 19 November 2021 under "WEJO" and "WEJOW," respectively. Commenting on the transaction with Wejo, Jeffrey D. Warshaw, chairman and CEO of Virtuoso, said "We are very pleased to achieve this important milestone in the merger process and thank our stockholders for their support. Wejo has built significant momentum in its business and is demonstrating the huge potential of connected vehicle data through the continued development of its technology platform, as well as its important collaborations with many market-leading companies and OEMs. We are excited to support Wejo as a public company and further establish it as the global leader in connected vehicle data."
