The Latest SPAC News and Rumors: July 20, 2023

by Marlena Haddad on 2023-07-20 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SPEAR Investments I in advanced discussions to acquire QEV Technologies

Dutch SPAC in advanced talks to acquire electric vehicle group

SPEAR Investments I, a special purpose acquisition company, is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday.

The deal will see QEV Technologies, which recently won a tender to operate a former Nissan manufacturing facility in Barcelona, merge into SPEAR Investments I and trade on the Amsterdam bourse.

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