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Starry, FirstMark announce non-redemption agreementsIndustry Announcements, , 3/10/2022
NEW YORK & BOSTON – Starry, Inc. ("Starry" or the "Company"), a next generation licensed fixed wireless technology developer and internet service provider, and FirstMark Horizon Acquisition Corp. ("FMAC" or "FirstMark") (NYSE: FMAC), a publicly traded special-purpose acquisition company, announced the execution of two Non-Redemption Agreements representing approximately 2.4 million shares of FMAC Class A common stock beneficially owned by certain accredited investors of FMAC. Starry has transformed the economics of broadband, pioneering the use of licensed high frequency spectrum at a low cost to deliver high-capacity, low latency, symmetrical connectivity to communities. Starry believes broadband is essential and is committed to delivering on its mission – offering customers a superior internet service that is fast, reliable, uncapped and competitively-priced, while also working to improve digital access and equity. FMAC is an affiliate of FirstMark Capital, which is a prominent venture capital firm with more than $2.3 billion in total capital commitments that has backed entrepreneurs that have created leading companies, many valued over a billion dollars, including Shopify, Pinterest, Riot Games, DraftKings, Airbnb, Upwork, Discord, InVision, Dataiku, Pendo, JustWorks, Ro and Carta. Non-Redemption Agreements Starry and FMAC have entered into Non-Redemption Agreements with two accredited investors to not redeem a certain number of shares of FMAC Class A common stock beneficially owned by such accredited investors. Pursuant to the Non-Redemption Agreements, these accredited investors commit to not redeem a combined total of approximately 2.4 million shares of FMAC Class A common stock beneficially owned by them of the 41,400,000 shares of FMAC Class A common stock outstanding. Starry and FMAC may enter into additional arrangements similar to the Non-Redemption Agreements described above. Read the full press release here. |
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1:00 p.m. New York / 6:00 p.m. London When your broadband business adds new services and connected devices, do they also add complexity, slowing customer support teams as they navigate multiple data sources to uncover connectivity issues? We’ve worked with hundreds of support teams to help them implement a subscriber experience management platform that gives greater visibility into subscriber issues. They can proactively troubleshoot amid complexity—improving the subscriber experience and raising customer satisfaction ratings like Net Promoter Scores. Join this webinar with experts from Calix and global research leader Omdia who will share exclusive research about how you can:
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