Finnovate Acquisition Corp. to merge with Scage International in $1B deal

Finnovate Acquisition Corp., a SPAC, has entered into a definitive business combination agreement with Scage International Limited, a zero-emission heavy-duty commercial vehicle provider. The transaction values Scage at $1 billion post-combination.

“Finnovate Acquisition Corp. and Scage International Limited announced today that they have entered into a definitive Business Combination Agreement.”globenewswire.com

• 1 source
• globenewswire.comFinnovate Acquisition Corp. Announces Business CombinationFinnovate Acquisition Corp.Aug 21, 2023

Summarized from public sources; check the original articles before acting on it.