Key Points
LONDON, July 20 (Reuters) - SPEAR Investments I (SPR1.AS), a special purpose acquisition company (SPAC), 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...
It will come as a boost to the bruised SPAC market, after many acquisition vehicles launched in the dealmaking rush that followed the COVID-19 pandemic have been forced to return money to investors after struggling to find targets...
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