Vancouver, Washington-based industrial “assisted reality” headset maker RealWear is going public via a SPAC (special purpose acquisition company) deal with Seattle-based investment bank Cascadia Capital.

Vancouver, Washington-based industrial “assisted reality” headset maker RealWear is going public via a SPAC (special purpose acquisition company) deal with Seattle-based investment bank Cascadia Capital.   The deal will value the new combined company at $375.5M.  Industrial workers use the device for video calling, guided workflow, and mobile forms, among other tasks. A RealWear Cloud Platform to manage devices and data was recently added. RealWear has over 5,000 enterprise customers, including Siemens, Johnson & Johnson, and Ford, and 41 are Fortune 100 companies.  The company has raised more than $120M since its 2016 founding, including a $23.5M Series C round. The deal is expected to close in the second half of 2023.