Inspirato Completes $25 Million Investment from Capital One Ventures, Solidifying New Strategic Partnership
2023年10月5日 - 5:30AM
Inspirato Incorporated (“Inspirato”) (NASDAQ: ISPO), the innovative
luxury travel subscription brand, today announced that it has
closed its $25 million senior secured convertible note issued by
Inspirato to Capital One Ventures (the “investment”). On September
26, 2023, Inspirato shareholders voted to approve the investment,
subject to the finalization of a commercial agreement between an
affiliate of Capital One Ventures and Inspirato, which has been
executed.
The investment provides broad operating flexibility to Inspirato
as it continues to deliver on its promise of providing remarkable
luxury vacation for its members and guests.
“We’re incredibly excited to commence this strategic partnership
with Capital One Ventures,” said Eric Grosse, CEO, Inspirato. “The
investment supports Inspirato’s long-term profitability goals while
ensuring our existing and future members continue to benefit from
our first-class service and certainty while experiencing the
ultimate luxury vacations.”
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities (including the shares of
Inspirato common stock, if any, into which the convertible notes
will be convertible) and shall not constitute an offer,
solicitation, or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements generally relate to future events or our future
financial or operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“believe,” “may,” “will,” “estimate,” “potential,” “continue,”
“anticipate,” “intend,” “expect,” “could,” “would,” “project,”
“forecast,” “plan,” “intend,” “target,” or the negative of these
words or other similar expressions that concern our expectations,
strategy, priorities, plans, or intentions. Forward-looking
statements in this press release include, but are not limited to,
statements regarding our expectations relating to future operating
results and financial position; guidance and growth prospects
including those related to any new partnership with Capital One;
quotations of management; our expectations regarding the luxury
travel market; anticipated future expenses and investments;
business strategy and plans; market growth; market position; and
potential market opportunities. Our expectations and beliefs
regarding these matters may not materialize, and actual results in
future periods are subject to risks and uncertainties, including
changes in our plans or assumptions, that could cause actual
results to differ materially from those projected. These risks
include our inability to forecast our business due to our limited
experience with our pricing models; the risk of downturns in the
travel and hospitality industry; our ability to compete effectively
in an increasingly competitive market; our ability to sustain and
manage our growth; and current market, political, economic and
business conditions and other risks detailed in our filings with
the Securities and Exchange Commission (the “SEC”), including in
our Quarterly Report on Form 10-Q that will be filed with the SEC
by August 9, 2023, and subsequent filings with the SEC.
Past performance is not necessarily indicative of future
results. If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. In addition,
forward-looking statements reflect our expectations, plans, or
forecasts of future events and views as of the date of this press
release. We anticipate that subsequent events and developments will
cause our assessments to change. All information provided in this
release is as of the date hereof, and we undertake no duty to
update this information unless required by law. These
forward-looking statements should not be relied upon as
representing our assessment as of any date subsequent to the date
of this press release.
In addition, statements that “we believe” and similar statements
reflect our beliefs and opinions on the relevant subject. These
statements are based upon information available to us as of the
date of this press release and while we believe such information
forms a reasonable basis for such statements, such information may
be limited or incomplete, and such statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These
statements are inherently uncertain, and investors are cautioned
not to unduly rely upon these statements.
About Inspirato
Inspirato (NASDAQ: ISPO) is a luxury travel subscription company
that provides exclusive access to a managed and controlled
portfolio of curated vacation options, delivered through an
innovative model designed to ensure the service, certainty, and
value that discerning customers demand. The Inspirato portfolio
includes branded luxury vacation homes, accommodations at five-star
hotel and resort partners, and custom travel experiences. For more
information, visit www.inspirato.com and follow @inspirato on
Instagram, Facebook, Twitter, and LinkedIn.
Inspirato Contacts:
Investor Relations: ir@inspirato.com
Media Relations: communications@inspirato.com
Inspirato (NASDAQ:ISPO)
過去 株価チャート
から 5 2024 まで 6 2024
Inspirato (NASDAQ:ISPO)
過去 株価チャート
から 6 2023 まで 6 2024