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Filed by Fifth Wall Acquisition Corp. I Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a - 12 of the Securities Exchange Act of 1934 Subject Company : Fifth Wall Acquisition Corp. I Commission File No. 001-39991 The following press release was released on various media outlets on June 25 , 2021 . SmartRent Reports Double Digit First Quarter 2021 Revenue Growth and Record Quarterly New Units • New Units Deployed in the first quarter were 32,483 , up 81 % year - over - year • Total Committed Units of over 600,000 as of end of March 2021 • Total first quarter revenue of $ 19.2 million , up 16 % year - over - year • • Deferred revenue of $ 64.0 million as of March 31 , 2021 , up 134 % year - over - year Launched an exclusive integration with map visualization technology leader Engrain , as well as new product features including Guest Parking , Hubless Credentials and Salto Locks • Business combination with Fifth Wall Acquisition Corp. I expected to close in the third quarter of 2021 SCOTTSDALE , Ariz . , June 25 , 2021 -- - SmartRent.com , Inc. ( " SmartRent " or " the Company " ) , a leading provider of smart home and smart building automation for property owners , managers , developers , homebuilders and residents , which recently announced it will go public through a merger with special purpose acquisition company ( " SPAC " ) Fifth Wall Acquisition Corp. I ( NASDAQ : FWAA ) ( " FWAA " ) , today reported financial results for the first quarter ended March 31 , 2021 . Lucas Haldeman , Founder and CEO of SmartRent , commented , " We had an excellent quarter growing at a rapid pace while staying focused on providing the ultimate smart home experience for our clients and their residents . We remain well positioned for future success as evidenced by the substantial increase in our deferred revenue base , up 134 % year - over - year , which we expect will provide a consistent revenue stream moving forward . We deployed more than 32,000 new units , a quarterly record , in the first quarter and are excited to see continued demand momentum in the second quarter . " Mr. Haldeman , continued , “ Excitingly , we announced our business combination with Fifth Wall Acquisition Corp. I , sponsored by Fifth Wall , the world's largest proptech investor , that will allow us to go public and accelerate the growth of our category - leading smart home technology . Looking ahead , we will continue to capitalize on our enhanced product offerings and industry - leading zero customer churn to further expand our growing base of recurring revenue . "