Long
EV developer Canoo to go public via reverse merger with HCAC
- Transaction to provide approximately $600 million of gross proceeds that will support the production and launch of electric vehicles (EV) featuring Canoo's advanced skateboard technology
- Transaction is supported by a fully committed common stock PIPE of over $300 million, including investments from funds and accounts managed by BlackRock, among other institutional investors
- As a result of outsized demand, the PIPE offering was meaningfully oversubscribed and upsized
- Pro forma equity value of the merger is approximately $2.4 billion
The boards of directors of both Canoo and HCAC have unanimously approved the proposed business combination, which is expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by HCAC stockholders and the satisfaction or waiver of other customary closing conditions.
finance.yahoo.com/news/electric-vehicle-company-canoo-list-110000214.html
- Transaction is supported by a fully committed common stock PIPE of over $300 million, including investments from funds and accounts managed by BlackRock, among other institutional investors
- As a result of outsized demand, the PIPE offering was meaningfully oversubscribed and upsized
- Pro forma equity value of the merger is approximately $2.4 billion
The boards of directors of both Canoo and HCAC have unanimously approved the proposed business combination, which is expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by HCAC stockholders and the satisfaction or waiver of other customary closing conditions.
finance.yahoo.com/news/electric-vehicle-company-canoo-list-110000214.html
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.