Fisker Plans to Go Public in Record-Breaking Merger

Largest EV SPAC Merger Ever Announced

Set to Revolutionize the Electric Vehicle Industry

DETROIT, May 13, 2024 - Fisker Inc., an American automotive company driven by a mission to create the world's most emotional and sustainable vehicles, is set to make history by going public through a merger with a special purpose acquisition company (SPAC).

The merger, which is expected to close in the second quarter of 2024, will result in a combined company with an enterprise value of approximately $2.9 billion. This transaction marks the largest electric vehicle (EV) SPAC merger to date, signifying Fisker's significant impact on the rapidly evolving industry.

Fisker's founder and CEO, Henrik Fisker, a renowned automotive designer, expressed his excitement about the merger and its potential to transform the EV landscape. "This merger is a testament to the passion and dedication of our team and our unwavering commitment to revolutionizing the automotive industry," said Mr. Fisker.

The combined company will leverage Fisker's innovative technology and design expertise to accelerate its mission of creating the world's most sustainable and emotionally captivating vehicles. With a focus on both performance and affordability, Fisker aims to democratize EV ownership and drive mass adoption.

The SPAC merger is a significant milestone for Fisker and the EV industry as a whole. It will provide the company with the resources and expertise to scale its operations and deliver its vision of a more sustainable and accessible future for transportation.