Arrival Going Public Now as Shareholders of the SPAC CIIG Merger Corp. (CIIC) Have Approved the Merger With “One of the Best-Positioned Electrification Plays”
https://wccftech.com/arrival-going-public-now-as-shareholders-of-the-spac-ciig-merger-corp-ciic-have-approved-the-merger-with-one-of-the-best-positioned-electrification-plays/
Arrival, the UK-based mobility startup that is gearing up to upend the electric bus and van sphere through its ability to deploy low-CAPEX microfactories, is all set to go public now as the shareholders of the SPAC CIIG Merger Corp. (NASDAQ:CIIC) have formally approved the business combination agreement.
As per the Form DEFM14A filed by CIIG Merger Corp. with the SEC on the 26th of February, a special virtual meeting of the SPAC’s shareholders was scheduled for the 19th of March 2021 in order to approve the business combination agreement with Arrival. Accordingly, the pertinent meeting was convened a short while back, during which the SPAC’s shareholders approved the merger with Arrival, paving the way for the shares of the combined company to start trading on the NASDAQ under the ticker symbol ARVL.
