Accelerate Acquisition today filed a preliminary proxy seeking to move up its termination date to December, ahead of the current March 2023 deadline, so it can begin liquidation.
The SPAC raised $400 million in a March 2021 IPO to target the industrial, transportation & mobility, consumer and retail sectors for a business combination.
Accelerate is led by Chairman and CEO Robert Nardelli, whose 25-year career at General Electric included a series of leadership roles, eventually leading GE Appliances, GE Transportation, and GE Power Systems. Read more.
