AEye, a lidar startup that developed its technology for use in autonomous vehicles as well as to support advanced driver assistance systems in passenger cars, is going public through a merger with CF Finance Acquisition Corp. III that will value the company at $2 billion. Velodyne Lidar kicked off the trend last summer when it announced that it planned to go public through a merger with special purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. Under this deal, AEye said it was able to raise $225 million in private investment in public equity, or PIPE, from institutional and strategic investors that include GM Ventures, Subaru-SBI, Intel Capital, Hella Ventures and Taiwania Capital.
AEye Now Slated To Go Public by Merging With the SPAC CF Finance Acquisition Corp III (CFAC) – How Does the Lidar Manufacturer Stack up Against the Likes of Aeva (IPV) and Luminar (LAZR)? wccftech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wccftech.com Daily Mail and Mail on Sunday newspapers.
Financière Agache, a holding company controlled by Groupe Arnault, which carries out most of its business activities in the luxury goods sector via its indirect ownership.
Will Churchill Capital IV Cut a Deal With Lucid Motors? Buying the SPAC CCIV comes with plenty of downside risk and a lot of unknowns.
For most of 2021, we ve watched Churchill Capital IV (CCIV) court Lucid Motors. Every day a new rumor flies that a deal between the companies is pending in which Lucid will come public via SPAC (Special Purpose Acquisition Company) CCIV. There are Bloomberg screenshots floating around Twitter (TWTR) constantly. Links of board members and business addresses being uncovered on the internet. Whether they mean anything or not is subjective. The world of finance is an incestuous one. I know more than my fair share of individuals who serve on multiple boards but those companies never do business together. It could be coincidence or perhaps it helps facilitate a deal in the end. Either way, here we are after another long weekend and no deal between the two despite overwhelming social media sentiment the past few days that it was a sure thing.