Hims in talks to merge with Oaktree-backed SPAC

Hims, a telehealth company that offers personal health and wellness products, is in negotiations to go public by merging with blank-check company Oaktree Acquisition, according to Bloomberg. The deal could reportedly value Hims at roughly $2 billion, with the Oaktree Capital-backed special-purpose acquisition company looking to raise $100 million to help fund the merger. Since it was established in 2017, Hims has raised just shy of $200 million from backers including 7 Global Capital and 8VC; it was valued at $1.1 billion in January 2019, according to PitchBook data.

Source: https://pitchbook.com/newsletter/hims-in-talks-to-merge-with-oaktree-backed-spac

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