Fisker takes company public with special merger

Fisker takes company public with special merger
fisker, merger, stocks, public, nyse, listed, spartan

Credit score:
Fisker Inc. – Edited

Fisker, the latest car company from legendary car clothier Henrik Fisker, has entered into an agreement with a assorted acquisition company which will sight the EV startup listed on the Contemporary York Stock Substitute (NYSE).

Fisker changing into a publicly listed company! On the present time we announced a merger with Spartan Energy Acquisition Corp. (NYSE:SPAQ). I’m serious about our plans to turn into a global chief within the #EV dwelling, starting up with the 2022 Fisker Ocean. See #Fisker #SPAQ #NYSE

— Henrik Fisker (@henrikfisker) July thirteen, 2020

Per an announcement made earlier this present day, Fisker and Spartan Energy Acquisition Corp., a assorted design acquisition company, bring together entered into a definitive agreement for a commercial merger that would successfully bring together Fisker a publicly listed company.

[Study:Tesla’s thought of a ‘more cost-effective’ Model Y is a lengthy vary single motor version]

Fisker’s merger here is comparable to what EV startup Nikola did to secure the company listed publicly. In these cases, companies taking a behold to stir public can merge with assorted companies which would be already listed. These already listed companies are characteristic up with the categorical design of at some level merging with one other company that helps their vision and succor as gateways to the stock alternate.

These mergers can minimize the associated payment and time linked to taking a company public. As such, they’d per chance well also very successfully be very valuable financing systems for rapid-growing companies. But with Tesla and Nikola utilizing similar systems as publicly listed companies, there does seem to be a style exhibiting here.

Henrik Fisker is never any longer any stranger to the car world. He’s beforehand designed a pair of of the most iconic vehicles ever, and even worked at Tesla for a while.

His latest foray into the EV world, with his company Fisker Inc., needs to bring together the enviornment’s most sustainable electrical car, known as the Ocean. Fisker Inc’s first car is anticipated to hit roads in 2022 and would possibly per chance per chance well also consist of an interior that’s partly made out of recycled plastic reclaimed from the ocean.

Pssst, hey you!

Attain you will must secure the sassiest day to day tech e-newsletter each and daily, in your inbox, for FREE? For excellent you carry out: stamp up for Big Spam here.