Why SPACs Churchill Capital IV, CIIG Merger, and Northern Genesis Closed Higher Today
Here's a hint: Electric vehicles.
CIIG Merger Corp.
Here's a hint: Electric vehicles.
Electric vehicles are hot, and Arrival's manufacturing plan makes it extra-interesting.
New mergers between EV companies and SPACs keep coming, but they are not all moving together anymore.
Investors just got a look at an interview with the president of the SPAC's electric-vehicle merger partner.
Some investors are jumping in after a dip in the share price this week.
The stocks of these electric-vehicle companies have been extremely volatile lately.
Special purpose acquisition company CIIG Merger will absorb an electric-vehicle maker in a transaction that values the combined company at $5.4 billion.
Investors are starting to notice these companies that are focusing on fleet markets for EV buses, vans, and trucks.