• Nikola, Lordstown, Fisker: SPACs have already raised $7.5 billion for EV-related startups

    3 monthes ago - By High Gear Media

    Special purpose acquisition companies have already raised $7.5 billion for more than a dozen EV-related startups, but with relatively little to show for it, according to new data from Bloomberg New Energy Finance. SPACs are publicly-listed shell corporations that join with startups in so-called reverse mergers, providing a shorter...
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