The deal will provide ELMS with $379 million in gross proceeds, including $155 million from such private investors as BNP Paribas Asset Management and Jennison Associates. DETROIT : Electric Last Mile Solutions (ELMS) said on Friday it has agreed to go public through a reverse merger with blank-check company Forum Merger III Corp in a […]
EV Charging Stalwart ChargePoint Seeks $2.4B Valuation in Reverse Merger
ChargePoint CEO differentiates his company’s prospects from the frothy SPAC market, claims revenue potential is “directly proportional” to EV growth. After raising $660 million from private investors, electric vehicle charging company ChargePoint is taking a crack at going public through the same method that a half-dozen EV makers have taken so far this year: a […]
Bill Gates-backed battery startup QuantumScape to go public in SPAC deal
QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion. San Jose-based QuantumScape, a 2010 spinout from Stanford University, said it will form a joint venture with VW to produce […]
