Profile

CIIC [NASD]
CIIG Merger Corp.
Financial | Shell Companies | USA

 

 

 

News Making Moves

    Nov 19, 2020

  • A Tesla-like British startup is set to go public at a $5.4 billion valuation via a special-acquistion company formed by former Marvel Comics CEO Peter Cuneo.
  • London-based Arrival will combine with US firm CIIG Merger. The combined company expects to list on the NASDAQ under the ticker symbol "ARVL"
  • Arrival competes with EV-maker Tesla and the creator of Amazon's first custom-electric delivery vehicle, Rivian.
  • The startup's signed contracts currently amount to as much as $1.2 billion.

https://markets.businessinsider.com/news/stocks/tesla-rival-arrival-public-via-spac-54-bln-valuation-marvel-2020-11-1029819790