The Israeli developer of modular platforms for electric vehicles has been negotiating the move for more than three months and the deal could be completed next month, CTech reports. The combined company would trade on the Nasdaq, according to the report, although the SPAC is not identified. Read more.
Related Posts
Op/Ed: The Return of Market ‘Silliness’ is Great for Ex-SPACs
To stave off disaster, newly listed startups are turning to an equity line of credit, or ELOC, which grants them the right — but not the obligation — to sell additional shares to a financial investor in return for hard cash.
Opes Files Definitive Proxy on BurgerFi Deal
OPES Acquisition set a Dec. 15 shareholder vote on the SPAC's proposed merger with BurgerFi.
Silver Spike Files Merger Agreements in WM Holding Deal
The deal would provide up to $575 million of gross proceeds, including $325 million through a fully-committed stock PIPE.
Law Professor Takes SPAC Sponsors to Court
Stanford Law Professor Michael Klausner toiled in academic obscurity for decades until 2020, when he wrote a paper slamming SPACs.