The proposed raise in the amended filing remains unchanged from the initial registration last week.
The SPAC intends to focus on a business in the industrial technology, transportation and smart mobility industries.
Investors in the Vecto group’s first SPAC IPO who held the stock and warrants through June 3, 2020, the closing date of the SPAC’s business combination with Nikola, saw a total return of approximately 396 percent and a 4.96x multiple on invested capital over the 25-month hold period. Read more.
