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German Electric Carmaker e.Go Will Go Public Via Athena SPAC

  • Combined company to have enterprise value of almost $1 billion
  • Merger with blank-check company comes after SPACs’ sharp fall
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WATCH: Isabelle Freidheim, Athena founder and chairman of the board discusses taking German EV maker e.Go public in a SPAC deal valued at $913 million dollars.Source: Bloomberg 
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Next.e.GO Mobile SE, a German maker of compact electric vehicles, is going public through a merger with a blank-check firm to create a company valued at $913 million, including debt.

The deal will provide e.GO with about $285 million of proceeds, assuming investors don’t redeem their shares, according to a statement Thursday, confirming a Bloomberg News report. That includes $235 million from Athena Consumer Acquisition Corp. and $50 million in debt.