Foxconn-Backed Byton May Follow Faraday Future (PSAC) in Going Public by Merging With a SPAC

Foxconn-Backed Byton May Follow Faraday Future (PSAC) in Going Public by Merging With a SPAC

3 years ago
Anonymous $K6XgmDN5_o

https://wccftech.com/foxconn-backed-byton-may-follow-faraday-future-psac-in-going-public-by-merging-with-a-spac/

Byton, an electric vehicle venture by former BMW and Nissan Motor executives, is purportedly set to become one of the latest entrants in the SPAC sphere.

As per the reporting by Reuters, Byton is exploring the possibility of going public by merging with a Special Purpose Acquisition Company (SPAC). Although the identity of the SPAC in question remains mired in secrecy, two sources quoted by Reuters stated that the company might become a public entity in 2021.

Foxconn-Backed Byton May Follow Faraday Future (PSAC) in Going Public by Merging With a SPAC

Feb 8, 2021, 5:00pm UTC
https://wccftech.com/foxconn-backed-byton-may-follow-faraday-future-psac-in-going-public-by-merging-with-a-spac/ > Byton, an electric vehicle venture by former BMW and Nissan Motor executives, is purportedly set to become one of the latest entrants in the SPAC sphere. > As per the reporting by Reuters, Byton is exploring the possibility of going public by merging with a Special Purpose Acquisition Company (SPAC). Although the identity of the SPAC in question remains mired in secrecy, two sources quoted by Reuters stated that the company might become a public entity in 2021.