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Clean-Energy SPACs Are Flooding the Market

But will any remain when the market reckoning arrives?

The Nikola Badger
The Nikola BadgerSource: Nikola

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A different kind of clean-energy vehicle is emerging, and it isn’t made by Tesla. At least nine clean-energy companies, most of which have little to no revenue, are planning to go public between now and the end of the year via reverse mergers with “blank-check” financiers, also known as special purpose acquisition companies.