InterPrivate intends to set a shareholder meeting date to vote on the deal early next year. If approved, the deal would give Aeva a market valuation of about $2 billion. Stockholders of approximately 14 million shares of preferred and common stock have signed a support agreement in advance of a vote. Aeva designs and manufactures laser sensors for use in autonomous vehicles. Read more.
Related Posts
A-Rod’s SPAC Slammed with 61% Redemptions
The cash-out comes ahead of a shareholder vote set for Feb. 21 on a proposed deadline extension that would give Slam until May 25 to close a merger.
Tech SPAC two Prices $200M IPO
The offering did not include warrants.
FTAC Athena Prices $220M IPO
FTAC intends to pursue an acquisition in the fintech space.
Social Leverage I Prices $300M IPO
The SPAC will target the fintech, enterprise software or consumer technology sectors.