Case Studies

Acorns is a U.S.-based WealthTech and financial wellness company that makes investing and saving simpler through automated, easy-to-use financial products. In 2021, it agreed to a $2.15B SPAC merger that would have taken the company public as OAKS, but the deal was terminated in January 2022 amid the broader fintech and SPAC downturn. Despite remaining private, Acorns continued expanding its ecosystem and reached 6.8M subscribers by 2026, while pursuing much of the growth strategy originally planned. Project OAKS explores what Acorns might be worth today if the merger had closed, with the valuation model estimating $5.35–$20.46 per share across Bear, Base and Bull scenarios.