Will CIIC stock become ARVL?
Electric bus and van maker Arrival Group (CIIC) is expected to go public before the end of Q1 via a reverse merger with CIIG Merger Corp. The combined entity will go bythe ticker ARVL and will trade on the Nasdaq exchange.
What happened Stock CIIC?
(“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. The closing of the business combination is anticipated to take place on March 24, 2021.
When did CIIC merger date?
| Company: | CIIG Merger Corp. Class A Common Stock |
|---|---|
| Symbol: | CIIC |
| Last Trading Date: | March 24, 2021 |
| Effective Date for Suspension: | March 25, 2021 |
| Merger Consideration: | One (1) Arrival Ordinary Share (ARVL) for each share held. |
Who did CIIC merge with?
CIIG Merger Corp (NASDAQ: CIIC) first announced the reverse merger with Arrival in November 2020. The SPAC company CIIG Merger Corp has since gained over 108% in the share price, illustrating a bullish investor sentiment.
Is ARVL a buy or sell?
Arrival has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Is CIIC overvalued?
CIIG Merger Corp (NASDAQ:CIIC) announced on Nov. 18 that it had reached a merger agreement with a prominent electric vehicle (EV) company. That EV company, Arrival Group, is based in the U.K. and already has two factories, including one in South Carolina.
Why did SUIC stock drop?
SUIC – Sino United Worldwide Consolidated Ltd. Based on what I see the company is dropping because China s militarily aggressive stance against a free independent Taiwan and the bitcoin industry in general and this small SUIC company expansion into these global markets whose roots I believe are in Taiwan.
Is ARVL a good buy?
ARVL may be a meme stock, but Arrival has the best electric vans in the market. They can also produce and deliver those vans at breakneck speeds and can sell them at highly competitive prices. That’s why ARVL is one of my favorite growth stocks to buy today.
Is rivian on stock market?
Rivian is privately held, and no shares trade on stock exchanges.
What is CIIG SPAC?
Founder SPAC, a blank check company targeting the cloud and other digital transformation sectors, filed on Monday with the SEC to raise up to $275 million in an initial public offering. The Houston, TX-based company plans to raise $275 million by offering 27.5 million units at $10 per unit.
Is CIIC a buy or sell?
CIIG Merger has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.