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apple developer enterprise account for rent:Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation

appleaccounts2020-08-0339

Fisker logo is seen on a Fisker Karma car at the "Auto 2016"car show in RigaMoreBy Ben KlaymanDETROIT (Reuters) - Electric car maker Fisker will go public through a merger with a blank-check company backed by alternative investment manager Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday.Reuters reported last week that the special-purpose acquisition company, Spartan Energy Acquisition Corp , was leading a bidding war among blank-check companies for Fisker. A blank-check company is a shell company that raises money through an IPO to buy an operating company, typically within two years.SPACs have been behind some of the most high-profile public listings of the last 12 months, including electric-vehicle startup Nikola Corp, which went public last month, as investors place bets on which startup will be the next Tesla Inc.Nikola shares are up more than 60% since their debut, and Tesla shares have more than quadrupled this year. Chinese electric SUV maker Li Auto last week filed for a U.S. IPO."In electrification, we could have played in buses or trucks, but the car part is a very fast-growing market," Geoffrey Strong, chairman and chief executive of Spartan and the co-head of infrastructure and natural resources at Apollo, told Reuters."While there is room for several brands, we think that Fisker and Tesla will be at the forefront of the pure-play car and SUV segment of the EV market in the years ahead.,

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