Cars

The Wejo SPAC Merger Is Done. There’s a New Car-Data Stock to Buy. – Barron’s

Summary

There is a new way for investors to play the trend toward smarter, connected vehicles—the kind that can tell drivers when service is needed, help to improve road maps, and feed information to insurers to help them price coverage.

Wednesday, shareholders of the special-purpose acquisition corporation Virtuoso Acquisition (ticker: VOSO) approved its merger with Wejo, an automotive data-analysis firm. Wejo’s list of backers include Microsoft (MSFT) Palantir Technologies (PL…….

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There is a new way for investors to play the trend toward smarter, connected vehicles—the kind that can tell drivers when service is needed, help to improve road maps, and feed information to insurers to help them price coverage.

Wednesday, shareholders of the special-purpose acquisition corporation Virtuoso Acquisition (ticker: VOSO) approved its merger with Wejo, an automotive data-analysis firm. Wejo’s list of backers include Microsoft (MSFT) Palantir Technologies (PLTR), and General Motors (GM).

Virtuoso…

Source: https://www.barrons.com/articles/wejo-spac-merger-auto-data-51637183946