The deal mechanics
The acquisition is structured as a 100% share purchase, with the enterprise value pegged at $1.285 billion. When you factor in Airtable’s net cash position, the total equity value climbs to approximately $2.25 billion.
Bending Spoons listed on the Nasdaq on July 1, 2026, raising roughly $1.68 billion with shares priced at $29. The deal is expected to close later in 2026, pending the usual regulatory approvals. Bending Spoons reported $1.31 billion in revenue for 2025, meaning it’s buying a company at roughly 1x its own annual revenue.
Airtable, founded in 2013 by Howie Liu, built itself into a collaborative database and workflow platform used by over 500,000 companies globally. The company raised more than $1.4 billion in total funding during its private life.
The Bending Spoons playbook
