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Electric Carmakers In The US Seek Out Blank-Check Firms For Funding As Virus Spooks Private Markets
car&bike Team
Aug 13, 2020, 4:58 PM
Electric commercial truck maker Nikola Corp of Phoenix, Arizona, tried unsuccessfully to raise $1 billion (766 million pounds) in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financial officer said.
1 Min
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