ECARX to go public via $3.82B merger with COVA Acquisition Corp.

ECARX Holdings has entered into a merger agreement with COVA Acquisition Corp. valuing ECARX at $3.82 billion pro forma equity value. The transaction includes $45 million from strategic partners Geely Holding Group, Luminar and Lotus Technology.

“ECARX has entered into a merger agreement with COVA Acquisition Corp. and upon completion of the transaction expects to be listed on Nasdaq under ticker symbol 'ECX'.”sec.gov

• 2 sources
• sec.govMay 26, 2022
• prnewswire.comECARX to Go Public in $3.82 Billion Merger with COVA Acquisition Corp., Accelerating Development of Next-Generation Automotive IntelligenceECARX Holdings, Inc.May 26, 2022

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