Biggest News Aggregation in the World
📰 Arrival Sa News

Arrival Sa News Today

Fast, Ad-Free News Updates

Stay updated with breaking news from Arrival Sa. Real-time updates on events, politics, business and more.

EV maker Arrival scraps SPAC merger plans as focus on cash burn

British electric vehicle company Arrival, whose shares fell more than 2% in extended trading, had said in April it would merge with Kensington Capital Acquisition Corp V to bolster its depleting cash pile. The special purpose acquisition company (SPAC) did not immediately respond to a request for comment. Meanwhile, Nikola Corp will liquidate the assets of Romeo Power, an EV battery maker it acquired less than a year ago, to energize the business.
North Carolina United States United Kingdom Akash Sriram Sriraj Kalluvila Merger Corp
Source: yahoo.com

Stay Updated with Latest News

Get breaking news updates delivered to your inbox

Browse All News →

Explore More Categories

World News India News Business Technology Sports Entertainment Health Science