Spartan Acquisition III shareholdersw are set to vote March 8 on the SPAC’s proposed merger with Allego Holding B.V., a pan-European electric vehicle charging network. The SPAC’s registration statement on the deal has been declared effective by the SEC.
Announced in July, the transaction values Allego at a pro forma equity value of approximately $3.14 billion.
The combined company is expected to receive approximately $712 million of gross proceeds from a combination of a fully committed common stock PIPE offering of $160 million along with approximately $552 million of cash held in trust, assuming no redemptions.
Fisker is the exclusive electric vehicle automaker in the PIPE and, in parallel, has agreed to terms on a strategic partnership to deliver a range of charging options for its customers in Europe. Read more.
