Electric car maker Fisker to go public at $2.9 billion valuation

Electric car maker Fisker to go public at $2.9 billion valuation

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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. The deal will provide Fisker with $ 1 billion in gross proceeds, including $ 500 million of funds from existing and new investors such as AllianceBernstein and BlackRock Inc. The proceeds will be used to bring the company’s first product, the Fisker Ocean, to production in late-2022.

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Electric car maker Fisker to go public at $ 2.9 billion valuation originally appeared on Autoblog on Mon, 13 Jul 2020 08:57:00 EDT. Please see our terms for use of feeds.

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