Inspirato confirmed receipt of an unsolicited non-binding proposal from Exclusive Investments, LLC.
The proposal offers to acquire Inspirato for $3.15 per share, totaling approximately $39 million.
The proposal is not subject to a financing contingency but requires confirmatory due diligence and negotiation of definitive documentation.
Unsolicited Proposal Received
Inspirato confirmed receipt of an unsolicited non-binding proposal from Exclusive Investments, LLC for a cash acquisition.
Offer Details
The proposal suggests acquiring Inspirato for $3.15 per share with no financing contingency.
Ongoing Review
The Special Committee of independent directors is carefully reviewing the proposal in consultation with legal and financial advisors.
- Inspirato remains subject to the terms of the Merger Agreement with Buyerlink, Inc. The Board of Directors has not changed its recommendation in support of the Buyerlink Transaction.
- The proposal from Exclusive Investments, LLC introduces a potential alternative to the previously announced Buyerlink Transaction, adding complexity to the future direction of Inspirato.
With competing acquisition proposals on the table, Inspirato faces a pivotal decision regarding its future ownership structure, balancing the interests of current stockholders and potential acquirers.