Electric jet company Lilium will launch on Nasdaq this week
The electric air taxi startup Lilium is merging with special purpose acquisition company Qell after shareholders have now voted in favour of the merger. The SPAC deal will see Lilium list on Nasdaq this Wednesday. However, Lilium’s proceeds from the IPO are much less than hoped for.
Tritium announces major capital increases
Tritium announced an AUD40Mn (about $30Mn) private placement by Cigna Investments. Tritium intends to use the proceeds to continue scaling its global operations during its ongoing merger with Decarbonization Plus Acquisition Corporation II.
Volta Charging to enter European market
US start-up Volta Charging is coming to Europe, starting with an office in Germany. The company offers initially free DC charging refinanced through advertising. Volta has yet to disclose its timeline for entering the EU market.
Solid Power to fuse with holding company for IPO
US solid-state battery specialist Solid Power, backed by Ford and BMW, announces its IPO. For the targeted listing on Nasdaq under the ticker symbol SLDP, Solid Power is merging with SPAC company Riverstone Holdings LLC’s Decarbonization Plus Acquisition Corporation III.
Investors favour Powersports as Taiga goes public
Electric snowmobile and watercraft maker Taiga is going public through a SPAC deal and is raising a whopping 100 million CAD in its wake. The Montréal-based company had vowed to electrify powersports back in 2015 and today joins the growing number of EV makers looking to grow big on the stock exchange.
Lucid Motors aims to go public via SPAC deal
Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker.
Romeo Power goes public via merger
Californian battery startup Romeo Power is now going public on the US stock exchange via a merger with the investment firm RMG Acquisition. The goal is to expand the production and development of commercial vehicle batteries.