Following recent reports that a deal was near, Microvast kicked off the week by confirming the speculation. The company announced that it has entered into a definitive agreement to merge with special-purpose acquisition company (SPAC) Tuscan Holdings (NASDAQ: THCB) . Electric vehicle (EV) stocks have been all the rage in recent months, with many start-ups choosing to go public by merging with a SPAC. Shares of Tuscan Holdings skyrocketed on the news.
Here's what investors need to know about Microvast.
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For further details see:
What You Need to Know About Microvast, the Latest EV SPAC