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Following her being a temporary Airbnb host through Valentine’s Day weekend, according to our sister site Travel Noire, Issa Rae has joined the company for a new initiative to support South LA. According to a press release, the Inglewood native has partnered with Airbnb, along with Nasdaq, to announce a $100,000 donation to LeadersUp, a nonprofit organization that works to help create an inclusive, antiracist economy — per its website. The press release shares that the new donation will go toward creating an impact fund for South LA residents to be provided access to educational, mental health and wellness, and technological resources. The collaborative effort to support underrepresented communities is also financially assisting LA-based organizations Central Neighborhood Health Foundation and Brotherhood Crusade.
This is history in the making! Minority Equality Opportunities Acquisition Inc.(MEOA) is now the first minority-led special purpose acquisition company (SPAC) traded on the Nasdaq Capital Market (NASDAQ). The company is currently trading under the “MEOAU” ticker symbol. As of Aug. 30, MEOA closed a $126.5 million upsized IPO of units including one share of Class A common stock and one redeemable warrant. The warrant allows the holder to purchase one share of Class A common stock at $11.50 per share. “In the last five years, we’ve seen exponential growth among minority women business owners. Black and Hispanic women business owners, alone, account for more than 50% of the growth,” Robin D. Watkins, CFO, MEOA exclusively shared with AfroTech. “What we have not witnessed, however, is an increase in the investment capital needed for minority businesses to scale. The IPO process gives MEOA the financial leverage to identify minority companies with stellar products and services and...