Monday, December 6, 2021
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Polestar

Electric car company Polestar to go public via SPAC

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One of the electric car companies that are already producing and delivering new vehicles to consumers is taking the plunge into the stock market. A press release was issued on Monday that details Polestar’s signed agreement with Gores Guggenheim Inc., a special purpose acquisition company (SPAC) on the Nasdaq stock exchange. The deal will inject […]
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Hagerty

Specialty insurer Hagerty to become publicly traded company in merger...

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On Wednesday, global automotive enthusiast brand and specialty insurer Hagerty announced a merger deal with a special purpose acquisition company (SPAC) to become a publicly-traded company. The deal will reportedly put the company’s valuation at $3.13 billion when it’s closed, and it will trade under the ticker HGTY. The merger is intended to inject gross […]
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Lucid Motors

Lucid Motors going public in SPAC merger

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The luxury electric car maker Lucid Motors will become a publicly traded company, opening up access to billions of dollars in funding. Lucid is set to merge with special purpose acquisition company (SPAC) Churchill Capital IV Corp (CCIV) at a $11.75 billion combined equity valuation and a $24 billion pro-forma equity value. Churchill Capital’s founder, […]
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tech company

Auto investors make bold moves with this week’s tech company...

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Welcome to the first edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an automotive technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. This weekly CBT News series recaps the week’s five most important actions and deals in automotive technology. U.S. stocks wrapped […]
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