Thrasio In Talks To Merge With SPAC Churchill Capital V: Report

Thrasio, a start-up company that rolls up Amazon.com, Inc. AMZN marketplace brands, is in talks to go public through a merger with the blank check company Churchill Capital V Corp CCV, Bloomberg reported, citing people with knowledge of the matter.
No deal has been finalized yet, and the merger could fall apart, the report said.
Thrasio could be valued at $2 billion in the merger. According to people familiar with the subject, the valuation may reach up to $10 billion, the Friday report said.
Former Citigroup Inc. C rainmaker Michael Klein set up Churchill Capital V.
In January, Thrasio raised $500 million via JPMorgan Chase & Co. JPM, Goldman Sachs Group Inc. GS and the asset management arm of Royal Bank of Canada RY.
The company has also raised $260 million in C funding led by Advent International.
Thrasio aims to capitalize on Amazon’s e-commerce dominance by acquiring new sellers on its third-party marketplace.
In December 2020, Churchill Capital V raised $500 million in its initial public offering.