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Security Profile
- Security Type
- Common Stock
- CUSIP
- 591697115
- Previous Symbol
- INAQW (changed 2/10/2021)
- Previous Name
- INSU Acquisition Corp. II
- Parent Company
- INSU Acquisition Corp. II (MILE)
Business: Metromile, Inc. is a leading digital insurance platform in the U.S. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry-standard approximations and estimates that have historically made prices unfair.
Notes: Feb. 09, 2021-- Metromile, Inc. (“Metromile”), a leading digital insurance platform and pay-per-mile auto insurer, today announced it completed its business combination (the “Business Combination”) with INSU Acquisition Corp. II (“INSU II”) (NASDAQ: INAQ), a publicly traded special purpose acquisition company sponsored by Cohen & Company, LLC, a subsidiary of Cohen & Company Inc. (NYSE American: COHN). The Business Combination was approved earlier today by INSU II’s stockholders. The combined company is named Metromile, Inc., and its common stock will trade beginning February 10, 2021, on NASDAQ under the ticker symbol “MILE,” while its warrants will trade on NASDAQ under the ticker symbol “MILEW.” The CUSIP number for Metromile’s common stock is 591697107 and 591697115 for the warrants. <p> Each whole warrant entitles the holder to purchase one whole share of Class A common stock at a price of $11.50 per share, subject to adjustment. The warrants will become exercisable on the later of 30 days after the consummation of the initial business combination or 12 months from the completion of this offering, and will expire five years after the consummation of the initial business combination or earlier upon redemption or our liquidation.
Company Contact
- CEO
- Dan Preston
- CAO
- Lindsay Alexovich
- Headquarters
- 425 Market Street #700, San Francisco, CA 94105
- Phone
- 888-242-5204
- Investor Relations
- Garrett Edson ICR · 646-677-1889 · ir@metromile.com