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Fisker will merge with Spartan Energy Acquisition Corp to list on the NYSE, providing over $1 billion in gross proceeds to fund the Fisker Ocean electric vehicle through start of production in 2022.
“Transaction to provide more than $1 billion of gross proceeds to the company. Proceeds to fully fund the development of the all-electric Fisker Ocean through start of production in 2022.”aftermarketnews.com
Summarized from public sources; check the original articles before acting on it.