Blade to Begin Trading Today on the Nasdaq Stock Market Under Ticker Symbol “BLDE”

Rhea-AI Summary

Blade Air Mobility, Inc. (NASDAQ:BLDE) has officially begun trading its common stock on Nasdaq under the symbol 'BLDE'. The transition to a publicly traded company has enabled Blade to raise $365 million, which will support its growth strategy and market expansion initiatives. CEO Rob Wiesenthal emphasized that this milestone positions the company to enhance long-term shareholder value by leveraging its proprietary infrastructure and operational strengths. Blade focuses on cost-effective urban air mobility solutions, primarily using helicopters and amphibious aircraft, with plans for Electric Vertical Aircraft in the future.

Positive

• Blade raised $365 million through its IPO, enabling accelerated growth.
• The company possesses a strong operational model and proprietary terminal infrastructure.
• Blade is positioned to expand its market presence in urban air mobility.

Negative

• None.

Blade Air Mobility, Inc. (NASDAQ:BLDE, “Blade”), a technology-powered urban air mobility company, today announced that its common stock will begin trading on the Nasdaq Stock Market under the symbol “BLDE”.

Rob Wiesenthal, CEO and Founder of Blade, commented, “Today marks a significant milestone in Blade’s evolution. The $365 million raised through our transition to a publicly traded company enables us to accelerate our growth strategy and market expansion initiatives. We look forward to driving long-term shareholder value by leveraging our proprietary terminals, strong operations and powerful brand as well as the capital entrusted to us.”

About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.

For more information, visit blade.com/investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005226/en/

FAQ

What is Blade Air Mobility's stock symbol?

Blade Air Mobility trades under the stock symbol 'BLDE' on Nasdaq.

How much capital did Blade raise during its IPO?

Blade raised $365 million through its transition to a publicly traded company.

What is Blade's focus in the urban air mobility sector?

Blade focuses on providing cost-effective air transportation solutions to congested routes using helicopters and amphibious aircraft.

What future plans does Blade have for its transportation model?

Blade plans to transition to Electric Vertical Aircraft (eVTOL) for lower cost and emission-free air mobility.