Insu

INSU Acquisition Corp. II Announces Stockholder Approval of Business Combination with Metromile

Retrieved on: 
Tuesday, February 9, 2021
Insu, In-soo, Special-purpose acquisition company, Forward-looking statement, Jeon Hye-bin, Musicians, South Korean popular culture

PHILADELPHIA AND SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- INSU Acquisition Corp. II, a publicly traded special purpose acquisition company (INSU II) (NASDAQ: INAQ), today announced the business combination (the Business Combination) between INSU II and Metromile, Inc. (Metromile), a leading digital insurance platform and pay-per-mile auto insurer, was approved by INSU IIs stockholders, with the Business Combination supported by over 99% of the shares of INSU II voted at the special meeting of INSU II stockholders (Special Meeting).

Key Points: 
  • PHILADELPHIA AND SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- INSU Acquisition Corp. II, a publicly traded special purpose acquisition company (INSU II) (NASDAQ: INAQ), today announced the business combination (the Business Combination) between INSU II and Metromile, Inc. (Metromile), a leading digital insurance platform and pay-per-mile auto insurer, was approved by INSU IIs stockholders, with the Business Combination supported by over 99% of the shares of INSU II voted at the special meeting of INSU II stockholders (Special Meeting).
  • There may be additional risks that neither INSU II nor Metromile presently know or that INSU II and Metromile currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
  • INSU II and Metromile anticipate that subsequent events and developments will cause INSU IIs and Metromiles assessments to change.
  • However, while INSU II and Metromile may elect to update these forward-looking statements at some point in the future, INSU II and Metromile specifically disclaim any obligation to do so.

Metromile Receives the Necessary Regulatory Approvals for Proposed Business Combination with INSU Acquisition Corp. II

Retrieved on: 
Friday, January 29, 2021
Articles, Shareholders, SEC filings, Corporate law, Insu, Proxy statement, Business, Proxy, In-soo, Prospectus, Board of directors, Corporations

INSU II intends to hold its Special Meeting (the Special Meeting) of INSU IIs stockholders on February 9, 2021 in connection with the Business Combination.

Key Points: 
  • INSU II intends to hold its Special Meeting (the Special Meeting) of INSU IIs stockholders on February 9, 2021 in connection with the Business Combination.
  • In connection with the Business Combination between Metromile and INSU II, INSU II has filed with the SEC a definitive proxy statement / prospectus and has mailed a definitive proxy statement / prospectus and other relevant documentation to INSU II stockholders.
  • INSU II, Metromile, and their respective directors and officers may be deemed participants in the solicitation of proxies of INSU II stockholders in connection with the proposed business combination.
  • However, while INSU II and Metromile may elect to update these forward-looking statements at some point in the future, INSU II and Metromile specifically disclaim any obligation to do so.

INSU Acquisition Corp. II Announces Effectiveness of Registration Statement for Proposed Business Combination with Metromile

Retrieved on: 
Friday, January 15, 2021
Articles, Shareholders, Insu, SEC filings, Corporate law, Business, Proxy statement, In-soo, Prospectus, Proxy, Corporations, Board of directors

In connection with the Business Combination between Metromile and INSU II, INSU II has filed with the SEC a definitive proxy statement / prospectus and will mail a definitive proxy statement / prospectus and other relevant documentation to INSU II stockholders.

Key Points: 
  • In connection with the Business Combination between Metromile and INSU II, INSU II has filed with the SEC a definitive proxy statement / prospectus and will mail a definitive proxy statement / prospectus and other relevant documentation to INSU II stockholders.
  • INSU II, Metromile, and their respective directors and officers may be deemed participants in the solicitation of proxies of INSU II stockholders in connection with the proposed business combination.
  • INSU II stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of INSU II and of Metromile in INSU IIs definitive proxy statement / prospectus.
  • However, while INSU II and Metromile may elect to update these forward-looking statements at some point in the future, INSU II and Metromile specifically disclaim any obligation to do so.

Metromile to Participate at the ICR Conference 2021

Retrieved on: 
Thursday, January 7, 2021
Insu, In-soo

SAN FRANCISCO, CA, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (Metromile), a leading digital insurance platform and pay-per-mile auto insurer, today announced that Chief Executive Officer Dan Preston will participate in a virtual fireside chat at the ICR Conference on Tuesday, January 12, 2021, at 9:30 am Eastern Time.

Key Points: 
  • SAN FRANCISCO, CA, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (Metromile), a leading digital insurance platform and pay-per-mile auto insurer, today announced that Chief Executive Officer Dan Preston will participate in a virtual fireside chat at the ICR Conference on Tuesday, January 12, 2021, at 9:30 am Eastern Time.
  • On November 24, 2020, Metromile entered into a business combination agreement with INSU Acquisition Corp. II (INSU II) (NASDAQ: INAQ).
  • The business combination is expected to close during the first quarter of 2021.
  • Upon closing the transaction, Metromile will become a wholly owned subsidiary of INSU II, renamed as Metromile Operating Company.

Metromile Raises Policies in Force and Contribution Profit Expectations for Full Year 2020, Provides Update on Third Quarter 2020 Financial Metrics and Reaffirms Outlook for 2021-2024

Retrieved on: 
Wednesday, December 16, 2020
Insu

In the fourth quarter, weve had a consistent increase in policy sales, in line with our expectations, and kept our acquisition costs relatively stable.

Key Points: 
  • In the fourth quarter, weve had a consistent increase in policy sales, in line with our expectations, and kept our acquisition costs relatively stable.
  • Average annual premium per policy of $1,128, compared to $995 in the second quarter of 2020, returning to pre-COVID levels.
  • Contribution profit of $4.5 million, a $3.8 million increase compared to $0.7 million in the prior-year period.
  • On November 24, 2020, Metromile entered into a business combination agreement with INSU Acquisition Corp. II (INSU II).

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of INSU Acquisition Corp. II Merger

Retrieved on: 
Wednesday, December 2, 2020
Insu, In-soo, Fiduciary

announces that it is investigating INSU Acquisition Corp. II (INSU) (NASDAQ GS: INAQ ) regarding possible breaches of fiduciary duties and other violations of law related to INSUs agreement to merge with MetroMile, Inc. (MetroMile).

Key Points: 
  • announces that it is investigating INSU Acquisition Corp. II (INSU) (NASDAQ GS: INAQ ) regarding possible breaches of fiduciary duties and other violations of law related to INSUs agreement to merge with MetroMile, Inc. (MetroMile).
  • Under the terms of the agreement, INSU will issue an amount in cash and a number of shares of INSU Class A common stock to shareholders of MetroMile.
  • To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-insu-acquisition-corp-ii .
  • You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected] .

Shift Technologies to Attend SPACInsider Webinar on Monday September 14th at 1:00pm EDT

Retrieved on: 
Monday, September 14, 2020
Peer-to-peer, Shift, Transportation in Los Angeles, George Arison, Insu, California, Websites

Attending from Shift are Co-CEO and founder George Arison, CFO Cindy Hanford, VP of Strategy & Finance Henry Bird, along with INSU Chairman Daniel Cohen.

Key Points: 
  • Attending from Shift are Co-CEO and founder George Arison, CFO Cindy Hanford, VP of Strategy & Finance Henry Bird, along with INSU Chairman Daniel Cohen.
  • Shift is an e-commerce platform on a mission to make car-buying convenient, fair, and accessible for everyone.
  • With instant quotes and at-home pickup, Shift saves sellers time and money.
  • Buyers have access to Shift's bookable at-home test drives and white glove service.