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AEye Said in Talks to Go Public Via Cantor Blank-Check FirmAEye Said in Talks to Go Public Via Cantor Blank-Check Firm CF Finance Acquisition Corp. III raised $230 million in IPO Artificial-perception startup AEye Inc. is in talks to go public through a merger with CF Finance Acquisition Corp. III, a Cantor Fitzgerald LP blank-check firm, according to people with knowledge of the matter. The valuation couldn’t immediately be learned. A deal hasn’t been finalized, and terms could change or talks could collapse. Shares of CF Finance Acquisition Corp. III jumped as much as 32% after Bloomberg reported the discussions. A Cantor Fitzgerald representative declined to comment. AEye didn’t immediately respond to requests for comment. California-based AEye makes sensor technology, known as lidar, for use in autonomous vehicles. Continental AG, Europe’s second-largest car-parts supplier, acquired a minority stake in AEye in October. Other investors include Kleiner Perkins, LG Electronics, Intel Capital and Airbus Ventures, according to AEye’s website. CF Finance Acquisition Corp. III, led by CEO Howard Lutnick and President Anshu Jain, raised $230 million in a November initial public offering, with a goal of striking a deal in any industry or geography. “The company intends to focus on industries where its management team and founders have experience , including the financial services, health care, real estate services, technology and software industries,” it said at the time. An earlier Cantor blank-check firm last year agreed to merge with GCM Grosvenor Inc. in a deal that took the investment manager public. In November, CF Finance Acquisition Corp. II reached a deal with View Inc., a maker of smart windows that use artificial intelligence. In December, Cantor raised $500 million for its fourth special purpose acquisition company, and this month filed for a fifth SPAC. www.bloomberg.com
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by AlenCiken
Star Peak Energy Transition Corp. STPK in business with Stem INCWhile NIO is retracing too, Star Peak Energy Transition Corp., after making a merger with Stem Inc., and trying to become an industry leader in the energy storage market, is going to consolidating after the end of this first pullback from 38$ top to 32$ (15/01/21). The stock has since risen and now rests around a $1.63B market cap valuation, just a fraction of the potentially trillion dollar industry estimated to take shape by 2050. After receiving the price target of 100$ from a Citron's report and ending it by saying: "As a result, we expect STPK to become a core holding of every ESG ETF in the market and for the float to be quickly gobbled up sending the stock materially higher " And concluding with the statement: "See you at over $100." , I think it can take the flight to the moon after a short consolidating period. Star Peak is the cutting-edge company that is going to use Stem Inc.'s AI to provide strongly advanced energy storage products able to Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Buying alerts at 24.86$ and 30$
SLong
by PitMoon
CIIC - Watching for Breakout to New HighsCIIC - Watching for Breakout to New Highs ______________________________________ ENTRY = 27-30 1st Target = 618fib @ 32 2nd Target = 786fib @ 34 HODL Target = 40+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
CLong
by UnknownUnicorn7216011
WiMi Obtains Patent for New 3D Holographic Pulse Laser DeviceWiMi Obtains Patent for New 3D Holographic Pulse Laser Processing Device to Further Advance the Application of Holographic Technology in EV Autonomous Driving and Other EV Areas WiMi Stock soars After Surprise Patent Announcement Wimi obtained a patent (the "Patent") for a three-dimensional ("3D") holographic pulse laser processing device for optical holography use (the "New Device"). 3D optical holography pulse laser processing devices will be widely used in the fields of autonomous driving, medical imaging, unmanned flight, holographic spectrometers, and more. With the rapid development of the electric vehicle ("EV") industry, it is expected that pulse laser holography applications will play an increasingly important role in the collection and presentation of holographic data. WiMi has developed the New Device to solve the problems of holographic data collection and holographic data presentation for EVs in the future. finance.yahoo.com
NASDAQ:WIMI
by AlenCiken
Coolisys's EV charger can now be preordered on Amazon DPW Holdings stock soars as Coolisys's EV charger can now be preordered on Amazon DPW Holdings’ Coolisys Power Electronics Business Announces Pre-Orders for Residential Level 2 Electric Vehicle Chargers Have Begun on Amazon Coolisys is encouraged by the interest in its residential EV chargers on Amazon.com and is in conversations with additional online retailers and distributors. We are pleased to announce the Amazon pre-order launch of our residential EV wall mount charging system. Coolisys’ compact, space saving wall mount AC charging system is easy to install and uses advanced charging technology that provides highly efficient and reliable charging of electric vehicles. We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally. finance.yahoo.com
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by AlenCiken
CCIV surge on news of plans to take Lucid Motors public via SPACChurchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021. the partner firm is Lucid Motors, a relatively well-established EV manufacturer based out of Newark, California, and which targets the luxury end of the car market. The deal could potentially value Lucid at $15 billion, according to Bloomberg. markets.businessinsider.com
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by AlenCiken
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EV-Tech Company Proterra to Go Public Through ArcLight SPACProterra, Commercial Electric Vehicle Technology Leader, To Become Publicly Listed Through Transaction with ArcLight Clean Transition Corp. Provides Resources to Take Proterra's Proven Portfolio of Next Generation Electric Vehicle Technology to New Levels of Growth Includes $415 Million PIPE Investments Anchored by Daimler Trucks as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research Company LLC, and Funds and Accounts Managed by BlackRock Proterra to Have up to $825 Million in Cash to Fund Growth The transaction is expected to deliver approximately $648 million in cash at closing, including approximately $278 million of cash held in ArcLight Clean Transition Corp.'s trust account from its initial public offering in September 2020. Transaction Represents Enterprise Value of $1.6 Billion for Proterra Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. It is expected to close in the first half of 2021, subject to the satisfaction of customary closing conditions, including the approval of ArcLight Clean Transition Corp.'s shareholders. finance.yahoo.com
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by AlenCiken
EV Startup Faraday Said in SPAC Merger Talks to Go PublicEV Startup Faraday Said in SPAC Merger Talks to Go Public Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter. The special purpose acquisition company is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion, the people said. As with all deals that haven’t been finalized, it’s possible that terms change or talks fall apart. A Faraday spokesman didn’t respond to multiple requests for comment. A Property Solutions representative declined to comment. Los Angeles-based Faraday, led by Chief Executive Officer Carsten Breitfeld, was founded by Jia Yueting, an entrepreneur who in October 2019 filed for bankruptcy in the U.S. after running up billions of dollars in personal debt. His efforts to build a business empire in China spanning interests from streaming to TVs saw him borrowing against pledged shares, leaving him on the hook for $2.3 billion in claims, according to the filing. The ranks of automakers seeking to compete with Tesla Inc. in electric vehicles are heavily populated by Chinese startups. Investors were gripped by a mania for all things related to EVs in 2020, boosting Chinese car company Nio Inc.’s valuation. www.bloomberg.com
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by AlenCiken
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$THCB NEXT EV BATTERY COMPANY TO EXPLODE (20% SPIKE SOON)This EV Company continues to remain very much under the radar due to the main attention being on $QS QuantumScape exploding over $100 the last week. In fact, I think it should be the exact opposite... Microvast should be the EV Battery company exploding. The company is generating revenue $100 Million in 2020 (Nothing Insane), but is already ahead of QuantumScape (Projected to Generate Revenue in 2025). Microvast has an international presence: Headquarters in Houston, TX Manufacturing Center in Huzhou, China Power Systems in London, UK GmbH in Frankfurt, Germany Microvast is positioning themselves perfectly for Company Growth. The company is already manufacturing and selling Fast Charging Batteries and distributing them internationally. Microvast's products are currently being utilized in commercial vehicles, but provides AUTOMOTIVE TECHNOLOGY INMOTION with their fast-charging battery modules for our new LMP3 racing car. This just shows how much quality Microvast's batteries are. Microvast is known for winning the prestigious R&D100 AWARD. This is an award that recognizes the most promising new products, processes, or materials that are being developed and introduced throughout the world. I encourage all of you to do your own research and consider entering a position.
TLong
by AlexCutler247
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EVBox Group to Become Public Company via Spac TPGYEVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance EVBox is a leading global provider of smart charging solutions for electric vehicles ("EV") with Europe’s largest installed base of charging solutions and the most advanced cloud-based software offering. ENGIE to Retain 40+% Ownership Institutional Investors Including Funds and Accounts Managed by BlackRock, Inclusive Capital Partners, Neuberger Berman Funds and Wellington Management to Invest Additional $225 Million of Equity Through Private Placement at Closing EVBox Group to be Listed on the NYSE Following Close Expected Late Q1-2021 Following the transaction, EVBox expects to have more than $425 million of cash on its balance sheet, including a portion of the proceeds of TPG Pace’s fully committed Private Investment in Public Equity ("PIPE") of $225 million, $100 million from TPG Pace’s Forward Purchase Agreements and $350 million of cash held in TPG Pace’s trust account. EVBox offers a portfolio of both hardware and enterprise software solutions and has built the industry’s largest installed base of EV charging solutions, with more than 190,000 charge ports across 70 countries. The business combination values EVBox at an implied $969 million enterprise value , and a total pro-forma equity value of approximately $1.394 billion. finance.yahoo.com
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by AlenCiken
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indie Semiconductor Enters Definitive Merger Agreement with THBRindie Semiconductor Enters Definitive Merger Agreement with Thunder Bridge Acquisition II, Ltd. indie Semiconductor is a leading pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market, enabling ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification applications Business combination with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR) positions indie to capitalize on >$2B of strategic backlog and an additional $2.5B in identified pipeline opportunities driven by deep relationships with Tier 1 automotive suppliers Provides up to $495M in cash to the combined company before expenses, comprised of up to $345M in cash held by Thunder Bridge II in trust assuming no redemptions and an upsized $150M fully committed common stock PIPE at $10.00 per share, including anchor investments from leading long-term institutional shareholders Estimated post-transaction equity value of approximately $1.4B based on current assumptions; expected to be listed on the Nasdaq under the ticker symbol INDI following an anticipated transaction close in the first quarter of 2021 indie shareholders will rollover 100% of their equity positions through indie’s transition into the publicly listed entity Net proceeds from the transaction to accelerate deployment of solutions to existing customers and fund pent-up demand for additional programs Today, indie’s automotive semiconductor portfolio addresses a $16 billion market, according to IHS, which is expected to exceed $38 billion by 2025 driven by strong demand for silicon and software content in automobiles. indie’s best-in-class, mixed signal system-on-a-chip (SoC) solutions are currently on 12 Tier 1 approved vendor lists, contributing to a strategic backlog position of more than $2 billion, defined as projected revenues based on existing contracts, design and pricing terms and historic production trends. finance.yahoo.com
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by AlenCiken
Former GM Executive to Start a Blank-Check Company QELLFormer GM Executive to Start a Blank-Check Company Qell Acqusition corp Engle has co-founded a SPAC called Qell Acquisition Corp., using his own cash and a healthy slug of money from PIMCO Investment Management, the giant investment firm with almost $2 trillion in assets. And why not? While GM has beaten market returns by a few points this year, most auto stocks have been flat or down in 2020. Meanwhile, Tesla Inc. has tripled in value this year and investors have poured cash into at least 15 EV-related startups like Nikola, Fisker Inc. and Lordstown Motors Corp. All in, blank-check firms have raised $70 billion this year. Engle is looking to acquire a company that will profit off the rapid changes happening in transportation no matter which company wins the EV or even self-driving game. He is looking at companies that can supply charging network hardware or services, or software and data collection for electric or self-driving vehicles. He sees opportunities in autonomous technology, telematics and infotainment. Power sports and motorcycles are just being electrified, which also present early opportunities. There is less competition, so plug-in bikes that serve Asia could be a strong play, he said. There are also emerging companies that will build small electric aircraft for short-haul flights or to ferry people in congested cities. Engle said Qell will consider companies with no revenue, but he prefers “real companies that have a product and revenue or are soon to be bringing in revenue.” “If the money that gets raised is applied to emerging growth companies that have a revenue stream and a line of sight toward significant growth, they have a better chance,” Spitzer said. “If SPACs have no track record of putting money into an early-stage company, I’m skeptical. Engle has been in that world and knows it.” www.bloomberg.com
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by AlenCiken