Fisker, the latest car company from legendary car designer Henrik Fisker, has entered into an agreement with a special acquisition company which will

EV startup Fisker Inc. to become publicly listed company after special merger

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2020-07-13 13:57:13

Fisker, the latest car company from legendary car designer Henrik Fisker, has entered into an agreement with a special acquisition company which will see the EV startup listed on the New York Stock Exchange (NYSE).

Fisker becoming a publicly listed company! Today we announced a merger with Spartan Energy Acquisition Corp. (NYSE:SPAQ). I’m excited about our plans to become a global leader in the #EV space, starting with the 2022 Fisker Ocean. See https://t.co/eI1Xz4nX13 #Fisker #SPAQ #NYSE pic.twitter.com/F1R4c4C7Rc

According to an announcement made earlier today, Fisker and Spartan Energy Acquisition Corp., a special purpose acquisition company, have entered into a definitive agreement for a business merger that would effectively make Fisker a publicly listed company.

Fisker’s merger here is similar to what EV startup Nikola did to get the company listed publicly. In these cases, companies looking to go public can merge with other firms that are already listed. These already listed companies are set up with the specific goal of at some point merging with another company that supports their vision and serve as gateways to the stock exchange.