CIIG Merger Corp.
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CIIG Merger Corp. - overview
Location
New York, NY, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in the US, CIIG Merger Corp. is a US publicly-traded special purpose acquisition company (NASDAQ: CIIC) founded by Peter Cuneo, Gavin Cuneo, and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Prior to the merger, class A common stock and warrants were traded on the NASDAQ under the ticker symbols CIICU, CIIC, and CIICW. In March 2021, Arrival Ltd.
, which designs and assembles electric vehicles merged with CIIG Merger Corp. , a SPAC vehicle, for USD 260 million in cash. As part of the transaction, BlackRock, BNP Paribas, Fidelity Investments, and Wellington Management invested USD 400 million in a PIPE deal. The merged entity operates under the name Arrival and trades on the Nasdaq Global Select Market, under the 'ARVL' ticker symbol.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Verticals
Electric & Hybrid Vehicles, Manufacturing
Total Amount Raised
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