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Breakingviews: EV double-SPAC provides only weak recharge
Aggregated Source: ChinaLegalBlog.com

NEW YORK, April 10 (Reuters Breakingviews) – SPACs are in recycling mode. Electric-van developer Arrival just unveiled a merger with a special-purpose acquisition company, valuing it at $524 million. The twist: It already went public via a blank-check deal in 2021, at a valuation some 10 times higher.…

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