CIIG Merger Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, ... Data is automatically aggregated and provided “as is” without any representations or warranties, express or implied. Firstly, Institutional ownership can be a key factor when assessing SPAC listed companies such as CIIC. Please see the disclaimer below regarding use of Etoro or for more information on our partnerships, see our disclosure statement here. This article will breakdown everything you need to know about the CIIC Arrival Merger set to close in Q1 2021. CIIG’s units, Class A common stock and warrants trade on the NASDAQ under the ticker symbols "CIICU," "CIIC," and "CIICW" respectively. Ms. O’Hara is a strategic marketing professional who has worked for several leading global enterprises in the media industry. Which “smart money” institutions hold CIIG stock? BlackRock is widely known for its diversified portfolio of Electric Vehicle companies both within the United States, United Kingdom and China. Recently, CIIG announced an official date for shareholders to vote on the proposed merger, 19th of March 2021. CIIG Merger Corp. Has Been Declared Effective and Sets the Record Date and Meeting Date for the Special Meeting of Stockholders. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. Greenberg Traurig, P.A. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. NEW YORK and LONDON, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Arrival, the company creating electric vehicles (“EVs”) with its game-changing … The ordinary shares to be issued by Arrival Group in the proposed transaction (the “Ordinary Shares”) are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. Dati sui prezzi storici del titolo azionario Ciig Merger Corp. Trova prezzi di apertura e di chiusura, massimi, minimi, volumi e variazioni percentuali relativi Ciig Merger (CIIC) per le date selezionate. Following this, the combined company will be renamed Arrival and its ordinary shares and warrants will trade on the Nasdaq Global Select Market beginning on March 25, 2021 under the ticker symbols “ARVL” and “ARVLW” respectively. This article will breakdown everything you need to know about the CIIC Arrival Merger set to close in Q1 2021. MarketBeat's community ratings are surveys of what our community members think about CIIG Merger and other stocks. March 1, 2021 GMT. Arrival has announced an agreement to merge with a Special Purpose Acquisition Company (#SPAC), CIIG, to take the company public in 2021 with an implied valuation of $5.4 billion.Read More: https://t.co/Bl36nvXR9dFor Key Information: https://t.co/Pfz9d5Mesf pic.twitter.com/4WHwJvWSYY. Arrival has also landed larger investments from Hyundai Motor Company, Kia Motors Company, Winter Capital and UPS. The company is deploying its first three microfactories in North Carolina, USA, South Carolina, USA and Bicester, UK in 2021. Release as document. The institutions holding largest stake within CIIG are BlackRock, Omni Partners, Glazer Capital and P Schoenfeld Asset Management. CIIG Merger Corp - Class A quote is equal to 22.800 USD at 2021-04-17. The vote took place during a Special Meeting today, and a Form 8-K disclosing the final voting results is expected to be filed with the Securities and Exchange Commission today. The information above is not financial advice. Based on our forecasts, a long-term increase is expected, the "CIIC" stock price prognosis for 2026-03-24 is 36.350 USD. CIIG Merger Corp. CIIG Merger Corp. (CIIG) to Combine with Arrival in $5.4Bn Deal Nov 18, 2020 INTEL by Nicholas Alan Clayton CIIG Merger Corp. (NASDAQ:CIIG) announced this morning it has signed a definitive merger agreement with electric vehicle (EV) manufacturer Arrival that would give it an enterprise value of about $5.4 billion. to be held on March 19, 2021 Record date for special meeting is February 16, 2021 Upon... | April 9, 2021 Recently, CIIG announced an official date for shareholders to vote on the proposed merger, 19th of March 2021. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. 1286/2014 (as amended the “PRIIPs Regulation”) for offering or selling the Ordinary Shares or otherwise making them available to retail investors in the EEA or in the United Kingdom will be prepared and therefore offering or selling the Ordinary Shares or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPs Regulation. If you are interested in joining eToro click the link here or the banner below. CIIG CEO Peter Cuneo will join the board of directors of the merged company after the deal is closed. UPS has entered an agreement with Arrival to pre-order 10,000 EV vans. CIIG Merger Corp (NASDAQ: CIIC) first announced the reverse merger with Arrival in November 2020. March 1, 2021 GMT. CIIG Merger Corp. (NASDAQ: CIIC) ("CIIG") today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective the registration statement on Form F-4 of Arrival Group (File No. In addition, Magnetar Financial also maintains 6% ownership of the company and increased their position by 4,367.2%. Bear in mind that the merger DA with CIIG Merger Corp. accorded Arrival a Pro-forma valuation of $5.4 billion.The combined company is expected to … But as . The latter is … With a 5-year investment, the revenue is expected to be around +59.43%. Our Director, Kristen O’Hara, brings extensive marketing and strategy experience within the technology, media and telecom industry including a high level of expertise in data, social and digital media. CIIG Merger has received 5 “underperform” votes. Consequently, no offer of securities to which this announcement relates, is made to any person in any Member State of the EEA which applies the Prospectus Regulation who are not qualified investors for the purposes of the Prospectus Regulation, is made in the EEA and no key information document required by Regulation (EU) No. is serving as legal advisor to Arrival. Currently, shares are near its year-to-date peak with a bullish trend that started in November. I dati possono essere visualizzati con intervalli temporali su base giornaliera, settimanale o mensile. … The fast-moving U. K. company's SPAC combination with CIIG Merger Corp. is also likely to turn its founder into a new billionaire. Get the hottest stocks to trade every day before the market opens 100% free. Scopri la cronologia del prezzo azioni Ciig Merger Equity Warrants , oltre a max/min, volumi e variazioni% per CIICW, su base giornaliera, settimanale o mensile. Furthermore, the interest from larger institutions such as BlackRock and the strong 2021 forecasts has investors on high alert. CIIG Merger Corp. The closing of the business combination is anticipated to take place on March 24, 2021. Click here now. CIIG Merger (CIIC) Source: NESPIX / Shutterstock.com In November 2020, CIIG Merger announced a business combination plan with Arrival. Blackrock holds by far the largest stake in CIIC, with 6% stake or a current market value of $19.45 million according to MarketBeat data. New York, NY 10019. info@ciigcorp.com (“Arrival”), the global company creating electric vehicles with its game-changing technologies. CIIG Merger (CIIC) Source: NESPIX / Shutterstock.com In November 2020, CIIG Merger announced a business combination plan with Arrival. Our data shows that CIIG Management LLC is the largest shareholder with 18% of shares outstanding. It would appear that 12% of CIIG Merger shares are controlled by hedge funds. CIIG’s largest single shareholder to date is BlackRock and BlackRock has already invested in Arrival. You should make your own investment decisions based upon your own research and what you believe is best for you. This press release contains certain forward-looking statements within the meaning of the federal securities laws, the anticipated timing of the closing of the business combination and anticipated timing of Arrival becoming a publicly listed Company. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.à r.l. Announces Stockholder Approval of Business Combination With Arrival S.à r.l; Ordinary Shares of the Combined Company Expected … CIIG Merger Corp. ( CIIC) Warrants (CIICW) on the other hand have gone from below $1 on Nov. 15 to $6.55 during the same time frame. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.à r.l. In addition, the enterprise value of the merger is valued at $5.4 Billion. Has Been Declared Effective and Sets the Record Date and Meeting Date for the Special Meeting of Stockholders. Firstly, the merger between CIIG Merger Corp and Arrival Ltd was announced on the 18th of November. What stands out to me is the EV Bus model which if brought to commercialisation could prove a buying spree for Government transport industries in the UK and the US. CIIG Merger Corp. So, once CIIG Merger announces that date, it’s a fairly safe bet that money will be there for the taking. CIIG Merger has received 55.56% “underperform” votes from our community. NEW YORK and LONDON, March 19, 2021 – CIIG Merger Corp. (“CIIG”) (NASDAQ: CIIC), a US publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Arrival S.à r.l. The company plans for its first two Microfactories to be built in South Carolina, USA and Bicester, United Kingdom in 2021. Press Release reported on 03/01/21 that CIIG Merger Corp. This is one of the final steps prior to a merger being finalised. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Ms. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (this Regulation together with any implementing measures in any member state, the “Prospectus Regulation”). Arrival is expected to raise $660 million in cash proceeds to put towards the manufacturing and development of the Electric Vehicle models. The EV innovator Arrival has signed contracts with total order value up to US $1.2 billion. 67% of retail investor accounts lose money when trading CFDs with this provider. March 01, 2021 08:00 AM Eastern Standard Time. Community Sentiment. Free real-time prices, trades, and chat. Arrival expects its first products to commence production in Q4 2021. The company’s stock price has collected 41.85% of gains in the last five trading sessions. Year-to-date, CIIG Merger Corp. shares have moved -13.41%, while the 5-day performance has seen it change -7.66%. As a result, option symbol CIIC will also change to ARVL effective at the opening of business on March 25, 2021. (Add your “underperform” vote.) CIIG Merger historical price data and CIIC charts. On March 19, CIIG Merger Corp. (CIIC) shareholders approved its merger with Arrival (ARVL). CIIC Merger should eventually become Arrival sometime in the first quarter of 2021. " If you were a holder of record of CIIG Common Stock on February 16, 2021, the record date for the special meeting of stockholders, you may vote with respect to the applicable proposals in person at the special meeting of stockholders or by completing, signing, dating and returning the enclosed proxy card in the postage-paid envelope provided. Find the latest Institutional Holdings data for CIIG Merger Corp. Units (CIICU) at Nasdaq.com. Pharmaceutical and Biotechnological Stocks (83), Lets Talk Money with Tyger Fitzpatrick (37). Readers are cautioned not to put undue reliance on forward-looking statements, and Arrival Group, Arrival and CIIG assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. UBS Investment Bank and Barclays are serving as financial and capital markets advisors to CIIG. The general consensus is that the merger will occur in the first quarter of 2021. The Microfactories have been a big talking point amongst retail investors after Jim Cramer called a buy rating on CIIC. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG Merger Corp. [CIIC]: Insider Ownership positions Get the hottest stocks to trade every day before the market opens 100% free. The latter is … NEW YORK and LONDON, March 19, 2021 – CIIG Merger Corp. (“CIIG”) (NASDAQ: CIIC), a US publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Arrival S.à r.l. Special Meeting of stockholders to approve proposed business combination with Arrival S.à r.l. CIIG, led by chairman and CEO Peter Cuneo, raised about $260 … Download as .pdf. What are the key details surrounding the CIIG merger? “With Arrival’s products our clients are not forced to compromise between being green and being cost efficient. The added volatility as both companies close in on a merger date is to be noted by investors. Looking at the largest institutional holders of CIIG and tracking their quarterly change in holdings can give investors a good idea of the current smart money sentiment. Cowen is serving as lead financial advisor and J.P. Morgan is serving as financial advisor to Arrival. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Furthermore, Arrival offers an opportunity for US investors to differentiate from the saturated US and Chinese EV SPAC market. Over the past 30 days, the shares of CIIG Merger Corp. (NASDAQ:CIIC) have changed -7.38%. The definitive merger deal will see the SPAC merge with Arrival under the new listing of ARVL. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG’s securities, (ii) the risk that the transaction may not be completed by CIIG’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG and Arrival, the satisfaction of the minimum trust account amount following redemptions by CIIG’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the impact of COVID-19 on Arrival’s business and/or the ability of the parties to complete the proposed transaction; (vii) the effect of the announcement or pendency of the transaction on Arrival’s business relationships, performance, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Arrival and potential difficulties in Arrival employee retention as a result of the proposed transaction, (ix) the outcome of any legal proceedings that may be instituted against Arrival Group, Arrival or CIIG related to the business combination agreement or the proposed transaction, (x) the ability to maintain the listing of CIIG’s securities on the NASDAQ Stock Market, (xi) the price of CIIG’s and the post-combination company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Arrival operates, variations in performance across competitors, changes in laws and regulations affecting Arrival business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Arrival operates, (xiv) the risk that Arrival and its current and future collaborators are unable to successfully develop and commercialize Arrival’s products or services, or experience significant delays in doing so, (xv) the risk that the post-combination company may never achieve or sustain profitability; (xvi) the risk that the post-combination company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations, (xviii) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations; (xix) the risk that the utilization of Microfactories will not provide the expected benefits due to, among other things, the inability to locate appropriate buildings to use as Microfactories, Microfactories needing a larger than anticipated factory footprint, and the inability of Arrival to deploy Microfactories in the anticipated time frame; (xx) the risk that the orders that have been placed for vehicles, including the order from UPS, are cancelled or modified; (xxi) that Arrival has identified material weaknesses in its internal control over financial reporting which, if not corrected, could adversely affect the reliability of Arrival’s financial reporting; (xxii) the risk of product liability or regulatory lawsuits or proceedings relating to Arrival’s products and services; (xxiii) the risk that Arrival is unable to secure or protect its intellectual property; and (xxiv) the risk that the post-combination company’s securities will not be approved for listing on the NASDAQ Stock Market or if approved, maintain the listing. To conclude, assuming the shareholder vote is successful we could see Arrival trading on Wallstreet shortly after the 19th of March. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.à r.l. NEW YORK & LONDON-- ( BUSINESS WIRE )--CIIG Merger Corp. (NASDAQ: CIIC) (“CIIG”) today announced that the … This has been a key driver in investor confidence for Arrivals long term outlook. Arrival has 1,300 global employees located in offices across the United States, Germany, Netherlands, Israel, Russia, and Luxembourg. CIIG Merger Corp. eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets. Cowen served as lead placement agent and UBS Investment Bank served as placement agent on the PIPE. Additionally, CIIG today announced that it has set a record date of February 16, 2021 (the “Record Date”) and a meeting date of March 19, 2021 for its Special Meeting. Pursuant to the merger and following the share exchanges, the combined company is expected to receive approximately US $660 million in gross cash proceeds from a combination of cash from a US $400 million fully committed stock PIPE and US $260 million in cash held in CIIG’s trust account, assuming no public shareholders exercise their redemption rights at closing. CIIG Merger (CIIC) Source: NESPIX / Shutterstock.com In November 2020, CIIG Merger announced a business combination plan with Arrival. eToro Disclaimer – Your capital is at risk. Youth Investment Group has no liability for personal financial interests or investment decisions. CIIG Merger Corp. Milltown Partners LLP is serving as communications advisor for Arrival. Forward-looking statements speak only as of the date they are made. In summary, CIIG’s strong growth is attributed to the positive outlook on Arrival moving into 2021 and beyond. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.Ã r.l. If playback doesn't begin shortly, try restarting your device. CIIG Merger Corp. [CIIC]: An insightful look at the core fundamentals. Update 25 March 2021: The English electric vehicle developer Arrival has now completed its IPO announced in November 2020 via a merger with CIIG Merger Corporation. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. 28th!! At the merger’s announcement in November 2020, the U.K. company had an … Short interest in the company has seen 3.12 … They touched $8.50 at … Has … Arrival Ltd. has peaked the interests of investors, with its evolutionary EV passenger bus and van models. Blueshirt Capital Advisors is serving as investor relations advisor for Arrival. Arrival is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Disclosure - Disclaimer - Privacy Policy - Terms and Conditions, Rocket Lab to go public via SPAC merger with Vector Acquisition (VACQ), Pharmaceutical and Biotechnological Stocks. The foregoing list of factors is not exhaustive. Although the company is yet to make their first delivery, investors can already see potential in the UK company. The goal of any SPAC is to perform what’s called a “reverse merger” to fund a company that wants to go public. The SPAC company CIIG Merger Corp has since gained over 108% in the share price, illustrating a bullish investor sentiment. Our focus on the whole EV ecosystem, new methods of design and production and our enabling technologies are the key to driving down the cost of EVs and accelerating the transition to zero-emission transportation globally.”. Other electric-vehicle startups including Nikola Corp. and Fisker Inc. have agreed to go public through SPAC mergers, and Lion Electric Co. is among companies pursuing a blank-check deal. Your current $100 investment may be up to $159.43 in 2026. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CIIG Merger Corp. (NASDAQ:CIIC) went up by 11.74% from its latest closing price compared to the recent 1-year high of $37.18. Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to CIIG. Date: 03/25/2021 CIIG Merger Corporation (CIIC) will change its name, trading symbol, and CUSIP to Arrival (ARVL), CUSIP L0423Q108 effective March 25, 2021. Many look for medium term catalysts that will drive the share price higher. CIIG Merger Corp. 40 West 57th Street, 29th Floor. This is one of the final steps prior to a merger being finalised. In contrast, with a 108% growth in share price since the announcement, the market has recently pulled back on its valuation of CIIC. Neither Arrival Group, Arrival nor CIIG gives any assurance that either Arrival Group, Arrival or CIIG will achieve its expectations. When the merger was announced, Arrival also announced that the first vehicles would be built in the fourth quarter of 2021. That's interesting, because hedge funds can be quite active and activist. Furthermore, the Arrival Board of Directors have voted for the approval of the transaction, which is to take place shortly after the shareholder vote on the 19th of March (assuming the merger is approved by shareholders). We are now official partners with eToro. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of CIIG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus discussed above and other documents filed by CIIG from time to time with the SEC. CIIG Merger Corp. (NASDAQ:CIIC) traded at $25.65 at close of the session on Monday, Mar 22, made an upward move of 5.34% on its previous day’s price. Is CIIC SPAC a buy before the ARVL stock IPO date? Shares of CIIG Merger (NASDAQ:CIIC), a special-purpose acquisition company (SPAC) that is merging with U.K.-based van and bus EV company Arrival, are down 10%, ... GP data by YCharts. Has Been Declared Effective and Sets the Record Date and Meeting Date for the Special Meeting of Stockholders Announces Stockholder Approval of Business Combination With Arrival S.à r.l; Ordinary Shares of the Combined Company Expected … CIIG Merger Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20. CIIG Merger has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.à r.l. CIIG Merger Corp CIIC Stock Analysis 12/19/2020, Arrival EV Company, Vote Date Announced Dec. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger.
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