Kin Insurance Reportedly in Talks to Go Public Via Omnichannel Acquisition
May 19, 2021 at 10:40 pm EDT
Kin Insurance, Inc. is in talks to go public via Omnichannel Acquisition Corp. (NYSE:OCA), a special purpose acquisition company led by recurring "Shark Tank" guest judge Matt Higgins, according to people with knowledge of the matter. The combined entity is set to be valued at over $1 billion, one of the people said. Terms could change and as with all transactions that aren't yet finalized, it's possible talks could collapse. A deal, if agreed, could be announced next month, one of the people said. Representatives for Omnichannel and Kin declined to comment.