Inspirato LLC, the luxury travel subscription brand, has completed its previously announced merger with Thayer Ventures Acquisition Corporation. The merger was approved at a special meeting of Thayer Ventures’ shareholders on Feb. 8, and the combined company changed its name to Inspirato Incorporated. Beginning today, Inspirato’s Class A common stock and warrants will trade on the Nasdaq Stock Market under the ticker symbols “ISPO” and “ISPOW,” respectively.
Inspirato is led by Brent Handler, cofounder/CEO, and Brad Handler, cofounder/executive chairman. The board of directors will initially consist of Brent Handler, Brad Handler, Michael Armstrong, Eric Grosse, Ann Payne and Scot Sellers.
“We are thrilled to begin the next chapter of growth for Inspirato as a public company,” said Brent Handler. “With this milestone accomplished, we are well positioned to accelerate our mission of revolutionizing luxury travel with our proprietary next-generation travel subscription platform. None of this would have been possible without our loyal subscribers, investors and employees, all of whom helped us grow into the one-of-a-kind luxury brand we are today. As a public company, we look forward to expanding our portfolio of luxury vacation options and introducing the benefits of Inspirato to more and more travelers throughout the world.”
Chris Hemmeter, former co-CEO, Thayer Ventures Acquisition Corporation, added, “Inspirato continues to show all the hallmarks of a disruptive leader in the luxury travel space. With its network-effect subscription business model, relentless focus on subscriber satisfaction and growing supply-side momentum, it is custom-designed to help travelers make the most of their valuable time in a post-pandemic world. We look forward to supporting Inspirato’s future growth.”
UBS Securities LLC acted as lead financial advisor and capital markets advisor to Inspirato, and co-lead placement agent for institutional investors to Thayer. Piper Sandler & Company also acted as financial advisor to Inspirato. Cantor Fitzgerald & Co. Inc., Northland Securities Inc. and Oppenheimer & Co. Inc. also acted as capital market advisors to Inspirato.
Evercore Group LLC acted as lead financial advisor to Thayer and co-lead placement agent for institutional investors to Thayer. Stifel, Nicolaus & Company Inc. acted as lead capital markets advisor to Thayer and placement agent for institutional investors to Thayer.
Wilson Sonsini Goodrich & Rosati acted as legal advisor to Inspirato. Cooley acted as legal advisor to Thayer. Simpson Thacher & Bartlett LLP acted as legal advisor to UBS, Evercore and Stifel in their role as placement agents for institutional investors to Thayer.