Fifth Wall Acquisition Corp. I

Fifth Wall Acquisition Corp. I

FWAA
Fifth Wall Acquisition Corp. IUS flagNASDAQ Capital Market
12.10
USD
+12.10
- -
2.40BMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

in mil. unless spec.
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Growth Rates

FRC

in mil. unless spec.
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Quarterly Revenue

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in mil. unless spec.
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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Brendan Wallace
Sector
Financial Services
Industry
Shell Companies
Address
6060 Center Drive Los Angeles CA United States of America
IPO Date
Feb 4, 2021
Business
Fifth Wall Acquisition Corp. I Fifth Wall Acquisition Corp. I is a blank check company sponsored by an affiliate of Fifth Wall, a venture capital firm focused on proptech and real estate technology; it seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting technology-enabled companies in the real estate sector, including proptech verticals that complement its management's expertise. The company holds no current products or services beyond its cash in trust from its February 2021 initial public offering of $345 million at $10 per share, which proceeds are intended for deployment in a qualifying transaction within a 24-month tenor. Founded in 2020 and headquartered at 6060 Center Drive, 10th Floor, Los Angeles, California, Fifth Wall Acquisition Corp. I operates with zero employees and focuses geographically on global opportunities, particularly those aligned with Fifth Wall's portfolio in North America and Asia-Pacific partnerships such as Keppel Corporation, City Developments Ltd, GLP, Gaw Capital, and Vanke. In August 2021, it completed a $2.2 billion business combination with SmartRent, Inc., a provider of enterprise smart home and building technology platforms offering hardware, hosted services, and professional services for multifamily, residential, and commercial property managers; post-merger, the entity rebranded to SmartRent, Inc. (NYSE: SMRT), with Fifth Wall Acquisition Corp. I stockholders receiving SmartRent shares, though the ticker FWAA persists in certain trading contexts amid ongoing class action settlements related to disclosures. Recent developments include a proposed $11.38 million stockholder class action settlement in 2025 involving Fifth Wall Acquisition Sponsor LLC and related parties, reflecting legacy SPAC redemption and disclosure issues following the merger.

Company News

APIChat
  • SmartRent Stock - SMRT Investors Who Held Shares of Fifth Wall Acquisition Corp. I Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

  • INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Fifth Wall Acquisition Corp. I's Directors and Officers for Breach of Fiduciary Duties – SMRT, FWAA

  • SmartRent Announces Effectiveness of S-4 Registration Statement

  • SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Fifth Wall Acquisition Corp. I for Potential Breaches of Fiduciary Duty By Its Board of Directors

  • SmartRent Reports Double Digit First Quarter 2021 Revenue Growth and Record Quarterly New Units

  • SmartRent: The Android Of Real Estate And Comparison Vs. Latch

  • SmartRent: Automating Homes

  • SmartRent Plans Public Offering With $2.2 Billion Fifth Wall SPAC Merger

  • Smart Home Leader SmartRent Going Public In SPAC Deal: What Investors Should Know

  • SmartRent is the latest real-estate technology startup to go public via a SPAC

  • SmartRent To Go Public in $2.2 Billion Merger with Fifth Wall Acquisition Corp. I, Accelerating Growth of Category-Leading Smart Home Technology for the Global Real Estate Industry

  • Fifth Wall Acquisition Corp. I Announces Pricing of Upsized $300 Million Initial Public Offering