Electric Hypercar Maker Rimac Says SPAC Funding Hype Could Damage Industry
A surge in the use of special purpose acquisition companies (SPAC) for raising money for electric vehicle start-ups could harm the long-term prospects of the industry, Mate Rimac, founder of electric hypercar maker Rimac said. Managers of SPAC companies are…
EV Startup Faraday Future In Talks To Go Public Through SPAC Merger
Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said. “We are working on such a deal and will be able to…
