Cincinnati is set to be home to a new public company, and it marks a huge win for the region’s burgeoning fintech industry.
On Tuesday, Cincinnati-based Griid Infrastructure announced it will merge with Adit EdTech Acquisition Corp., a special purpose acquisition company, or SPAC. The deal values the combined company at $3.3 billion — making it one of the region’s most valuable startups ever.
The blockbuster deal is slated to close in the first quarter of 2022. Before it does, here’s your primer with everything you need to know about Griid:
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Story excerpt provided by Cincy Inno.
Written by Meg Erpenbeck.
Originally published November 30, 2021.