There are deals.
By
December 15, 4:13 PM est.
Steve Ballmer is the chairman of the Los Angeles Clippers and co- founder of Ballmer Group. The summit brings people from all over the world to discuss what's next in tech, business, science and society.
Photographer: David Ryder.
Steve Ballmer's investment affiliates have committed $315 million in additional financing to Aspiration ahead of its merger with InterPrivate III Financial Partners Inc.
The $65 million of the financing is structured as mandatorily convertible preferred stock drawn by Aspiration that converts into equity at an equivalent price of $11 a share. The non-convertible preferred stock can be redeemed after nine years, and is set to fund Wednesday. The remaining money is a private investment in public equity.
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