CIIC - Why Shares of CIIG Merger Are Up 32% Today
Shares of special purpose acquisition company (SPAC) CIIG Merger (NASDAQ: CIIC) are trading 32% above Thursday's closing price, as of 10:55 a.m. EST.
The SPAC is merging with U.K.-based electric-van and bus maker Arrival, and recently released an interview from Arrival's president and chief strategy officer (CSO).
Investors looking to research the electric-vehicle (EV) company merging with CIIG got some details on Arrival's business plans through an interview that CIIG filed with the U.S. Securities and Exchange Commission (SEC) this week.
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Why Shares of CIIG Merger Are Up 32% Today