Altimar Acquisition Corp. II (the "Company"), a special purpose acquisition company, announced today the closing of its initial public offering of 34,500,000 units at a price of $10.00 per unit, which included 4,500,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.
Chinese electric vehicle (EV) maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a special-purpose acquisition company (SPAC), people familiar with the matter told Reuters. Byton, whose key shareholders also include China's state-owned automaker FAW Group and EV battery maker CATL, is in talks with potential SPAC companies and investors about the listing and plans to go public as early as this year, two sources, who declined to be named as the talks were private, said. Byton was launched in 2017 by Future Mobility Corp, a company co-founded by former BMW and Nissan Motor executives.