CIIG

CIIG2 follows the team's first SPAC, CIIG Merger Corp ("CIIG1"). CIIG1 completed its IPO in December 2019, generating gross proceeds of $258,750,000. In November 2020, CIIG1 announced its initial business combination with Arrival Group ("Arrival"), the global technology company creating electric vehicles ("EVs"). The transaction valued the combined company at an enterprise value of $5.4 billion and provided approximately $660 million in gross cash proceeds to Arrival to fund growth. As part of the transaction, CIIG1 raised a $400 million fully committed common stock PIPE that was anchored by Fidelity Management & Research Company LLC, Wellington Management, BNP Paribas Asset Management Energy Transition Fund, Capital World, and funds and accounts managed by BlackRock. This transaction closed in March of 2021 and the combined company trades on Nasdaq under the ticker "ARVL"... We are a sponsor of special purpose acquisition companies ("SPACs"), making investments in TMTS companies that..

Also known as: Peter Cuneo

Primary location: New York United States