Canoo Becomes the Latest American EV Manufacturer To Opt for a Reverse Merger With the SPAC Hennessy Capital (NASDAQ: HCAC)
https://wccftech.com/canoo-becomes-the-latest-american-ev-manufacturer-to-opt-for-a-reverse-merger-with-the-spac-hennessy-capital-nasdaq-hcac/
Canoo, the Los Angeles-based EV manufacturer that utilizes a modular skateboard platform to maximize vehicle interior space, has followed the likes of Nikola (NASDAQ:NKLA), Lordstown Motors, and Fisker in opting for a reverse merger in order to list on the stock exchange.
As a refresher, a reverse merger occurs when a private company is acquired by an existing public company. This allows the merged entity to list on the stock exchange without having to endure the more cumbersome traditional IPO process.
Canoo Becomes the Latest American EV Manufacturer To Opt for a Reverse Merger With the SPAC Hennessy Capital (NASDAQ: HCAC)
Aug 18, 2020, 3:53pm UTC
https://wccftech.com/canoo-becomes-the-latest-american-ev-manufacturer-to-opt-for-a-reverse-merger-with-the-spac-hennessy-capital-nasdaq-hcac/
> Canoo, the Los Angeles-based EV manufacturer that utilizes a modular skateboard platform to maximize vehicle interior space, has followed the likes of Nikola (NASDAQ:NKLA), Lordstown Motors, and Fisker in opting for a reverse merger in order to list on the stock exchange.
> As a refresher, a reverse merger occurs when a private company is acquired by an existing public company. This allows the merged entity to list on the stock exchange without having to endure the more cumbersome traditional IPO process.