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UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation

November 18, 2020

Via: CNBC

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British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company.

This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are companies that raise funds to finance a merger deal that takes the target firm public.

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