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Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp.
Source: PR Newswire (US)
- Transaction to provide more than $1 billion of gross proceeds to the company, including $500 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors – including Moore Strategic Ventures, AllianceBernstein, funds and accounts managed by BlackRock and Federated Hermes Kaufmann
- Proceeds to fully fund the development of the all-electric Fisker Ocean through start of production in 2022
- Pro forma equity value of the merger is approximately $2.9 billion, at the $10.00 per share PIPE price and assuming minimal Spartan shareholder redemptions
- Combined company Board of Directors will be comprised of existing Fisker Board members and an Apollo designee
- Transaction advances on Fisker's mission of creating the world's most emotional and sustainable vehicles – and upholds its vision of a clean future for all
Great potential here!!!!
The NEXT Great EV/SPAC Deal: BUY SPAQ Under $20 & SPAQWS Warrants Under $6 With $40 Target 2021
https://transformityresearch.com/super-spac/2020/7/10/spaq-warrants-buy-alert
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