BuzzFeed also Announces Plans to Acquire Complex Networks 10:59 am 1,895,159 ...130 days to election day... 104,841 to two million page views

10:59 am  1,895,159  ...130 days to election day... 104,841 to two million page views

130 days

June 25, 2021 - November 2, 2021 Election Day 

CORRECTING and REPLACING BuzzFeed, the Leading, Culture-Defining Platform for Digital Content and Commerce, to Become a Publicly Listed Company through Merger with 890 5th Avenue Partners, Inc.

https://www.businesswire.com/news/home/20210624005657/en/CORRECTING-and-REPLACING%C2%A0BuzzFeed-the-Leading-Culture-Defining-Platform-for-Digital-Content-and-Commerce-to-Become-a-Publicly-Listed-Company-through-Merger-with-890-5th-Avenue-Partners-Inc.

Proceeds from the Combination will include up to $288 Million in Trust and an Additional $150 Million in Convertible Note Financing

BuzzFeed also Announces Plans to Acquire Complex Networks

● BuzzFeed will become publicly listed via a merger with 890 5th Avenue Partners, Inc. (Nasdaq: ENFA, ENFAU, ENFAW), a publicly-traded special purpose acquisition company, or SPAC, which holds approximately $288 million in cash in its trust account

● 890 5th Avenue Partners, Inc. has also secured $150 million in a convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial

● BuzzFeed’s implied valuation at deal-closing will be approximately $1.5 billion