Directors and executives of Acamar Partners and CarLotz are soliciting proxies from the stockholders of Acamar Partners in connection with the proposed merger. Fidelity Management & Research Company LLC and other key investors along with strategic partners including KAR Global (NYSE: KAR, the parent company of ADESA and TradeRev), McLarty Diversified Holdings (founded by Franklin McLarty, former CEO of one of the largest U.S. automotive dealership groups), Rick Wagoner (the former CEO of General Motors) and TRP Capital Partners (existing investor and leading private equity fund in the transportation sector) have committed to invest $125 million in the form of a common stock PIPE at $10.00 per share. Acamar Partners and CarLotz Co-Founder and Chief Executive Officer Michael Bor are also participating in the PIPE. Strategic investors and management represent about 15% of the PIPE. Read more.
8-K Highlights Discussion Between Acamar Partners Acquisition Corp. and CarLotz, Inc.
