|CIIG Merger Corp.|
|Financial | Shell Companies | USA|
News Making Moves
Nov 19, 2020
- A Tesla-like British startup is set to go public at a $5.4 billion valuation via a special-acquistion company formed by former Marvel Comics CEO Peter Cuneo.
- London-based Arrival will combine with US firm CIIG Merger. The combined company expects to list on the NASDAQ under the ticker symbol "ARVL"
- Arrival competes with EV-maker Tesla and the creator of Amazon's first custom-electric delivery vehicle, Rivian.
- The startup's signed contracts currently amount to as much as $1.2 billion.