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Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp.

Jul 13, 2020 - PR Newswire
Mergers and Acquisitions-Partnership Announcement

PR Newswire

-Transaction to provide more than $1 billion of gross proceeds to the company, including $500 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors – including Moore Strategic Ventures, AllianceBernstein, funds and accounts managed by BlackRock and Federated Hermes Kaufmann

-Proceeds to fully fund the development of the all-electric Fisker Ocean through start of production in 2022

-Pro forma equity value of the merger...