Deals
Former Cypress CEO TJ Rodgers Shows Up on Two Sides of SPAC Deal
- Conflicts of interest arise as SPAC deals gain popularity
- Rodgers recused himself from deliberations, filing showed
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A blank-check company founded by T.J. Rodgers, the former chief executive officer of Cypress Semiconductor Corp., is merging with a battery technology company that counts Rodgers as a large shareholder.
Rodgers Silicon Valley Acquisition Corp. said Monday it would merge with Enovix Corp., a maker of lithium-ion batteries, in a deal that is valued at $1.1 billion including debt.