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Blade set to lift off; urban heli-taxi to go public in 2021

Dec. 15, 2020 1:09 PM EST

NEW YORK (AP) — Urban helicopter taxi company Blade will become publicly traded after a merger with Nasdaq-listed Experience Investment Corp., the companies announced Tuesday. The deal, expected to close in the first half of 2021, will give the company an equity value of $825 million. Proceeds from the...