Bloomberg reports that Ares Acquisition Corp. II is in advanced talks to merge with Kodiak Robotics, according to sources familiar with the matter.
A recent Bloomberg report said Nikola is considering a possible sale or partnership as it attempts to raise capital to stay afloat.
Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma factory.
Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.
Singapore-based Grab has finalized a SPAC merger with Altimeter Growth Corp. that will value it at $39.5 billion upon its public debut.
Singapore-based ride-hailing company Grab is expected to go public via a SPAC with a fund from Altimeter Growth, according to a report.
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
Romeo Power CEO Lionel Selwood saw the component shortages coming for commercial vehicle batteries. Romeo hedged by buying on the open market.
Electric chassis maker Xos Trucks may be the next electrification startup to get a financial injection by merging with a special purpose acquisition company, Reuters reported Monday.
Supply chain software provider E2Open is now trading on the NYSE under a new symbol.
The MDH Acquisition Corp. looks to raise more than $200 million in an IPO.
U.K.-based Arrival picks Charlotte, North Carolina, as its North American headquarters. It’s a 30-minute drive from its planned microfactory in South Carolina and close to UPS, a major customer for its electric vans.
The inside-out design of Canoo electric delivery vehicle means it could have many appearances as public trading for the $600 million SPAC-sponsored startup nears.
On its way to its debut as a public company, XL Fleet expands its electric drive-making business to include charging and energy storage infrastructure.
Digital freight-matching brokerage Transfix is in discussions with a special purpose acquisition company that could lead to its listing as a public company, according to Bloomberg.
Nikola Corp. founder Trevor Milton can sell his 92 million shares on Monday, creating a glut of stock that could drive the already volatile share price lower.
Cowen Inc. helps bolster the balance sheets of startup electric vehicle companies by recruiting private investment in public equity to help young companies earn higher valuations.
Startup electric driveline maker Hyliion Holdings Corp. decided against booking $1 million in revenue during its first quarter as a public company when it lost $9.1 million.
Clarendon Capital’s John Larkin talks SPAC with HCAC’s Dan Hennessy during FreightWaves’ FreightTech Venture Summit.
The once little-regarded special purpose acquisition company is all the rage on Wall Street as $56 billion in blank check companies seek reverse merger targets. A leader of two of those efforts cautions day traders to know what they are investing in.
Rating is non-investment grade; agency notes that the company has been mostly growing through acquisitions rather than organic
Barry Engle and his Qell Acquisition Corp. raised $380 million to invest in a next-generation mobility startup. But how many great candidates are left in the SPAC craze?
Hyliion Holdings Corp. CEO Thomas Healy draws distinctions between his company and embattled Nikola Hyliion begins public trading.
Nikola Corp. appoints a veteran financial executive to its board of directors, replacing a retiring board member with close ties to departed founder Trevor Milton.
Startup electric truck maker Lordstown Motors will go public through a reverse merger, a popular tact to raise capital and speed public trading.
Owners of low-priced warrants for new shares and pre-merger discount buyers registered to cash out of electric truck startup Nikola leading to an after hours selloff on Friday, July 17.
