Financial Media Relations Matthew Lindberg 203.682.8214 ⦠Innovative new EV cooperation anticipated to secure previously communicated Q4 2022 start of production timing for the Ocean SUV, with manufacturing planned at Magna's European vehicle assembly facility Magna to be issued warrants to purchase up to 6% of the capital stock of Fisker following the proposed business combination between Fisker and ⦠Fisker will make its public debut on Wednesday in a so-called SPAC reverse merger with Spartan Energy Acquisition that will net it more than $1 billion in cash. Investor Relations Eduardo Royes / Marc Silverberg fiskerIR@icrinc.com. The SPAC deal is also very interesting. The catalysts for Fiskerâs decline to below $3 billion this week have been less clear than some of its peers. The parties go back and forth on the terms of the LOI, often hiring outside counsel, such as advisors, lawyers, underwriters, bankers, etc. Around the time an LOI is signed, there may be a PIPE and if so, potential investors are found, who are themselves given access to certain data and presentations. Fisker initially peaked investor interests early last year, after the company announced its intentions to merge with Spartan Energy Acquisition (SPAQ). For Fisker Inc. Advisor / VP Communications Simon Sproule 949.878.0844 ssproule@fiskerinc.com. A slide from Fisker Inc.âs investor presentation. Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp. - Transaction to provide more than $1 billion of gross proceeds to the company, including $500 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors â including Moore Strategic Ventures, AllianceBernstein, funds and ⦠Page 29 of its original presentation shows that it expects to have $10.6 billion in sales by 2024. Fisker has a $5.9 billion market capitalization right now. In addition, the merger was one of the most talked about SPAC propositions in 2020. Fisker (NYSE:FSR) has seen a volatile month of trading, declining 30%. Source: Investor Presentation. Corporate Communications (DRIVEN360) 310.374.6177 Fisker@GoDRIVEN360.com. Using Volkswagenâs MEB platform to power an affordable SUV would be quite the about-face for Fisker ⦠Hereâs what investors need to know about Fisker now that itâs trading on the public market. This is based on its interesting slide presentation. ... Fisker's reverse merger with a SPAC in October 2020 led to boosting the company's liquidity position. Fisker investor presentation to PIPE investors confirms no manufacturing deal yet By theheadlinereporter on July 31, 2020 Fisker released today an investor presentation script that it will use as it solicits investors for its reverse merger going public transaction .
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