InterPrivate Acquisition in an 8-K filing said its shareholders voted in favor of the SPAC’s business combination with Lidar sensor startup Aeva.
The deal would give Aeva a market valuation of about $2B.
Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, Aeva is engaged with 30 of the top players in automated and autonomous driving across passenger, trucking and mobility.
The SPAC said in the filing that 19,363,249 shares were voted in favor of the merger and 66,460 against (.003%). The SPAC’s investors likewise endorsed a proposal to increase the number of shares of common stock the company is authorized to issue from 50 million to 422 million, and preferred stock the company is authorized to issue from 1 million shares to 10 million. Read more.
