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Ex-Credit Suisse CEO Thiam’s SPAC to Combine With Solar Firm Complete Solaria

  • Former Credit Suisse CEO set up blank-check vehicle in 2021
  • Deal comes at time when wider SPAC market is under pressure
Tidjane Thiam 

Tidjane Thiam 

Photographer: Christopher Pike/Bloomberg
Updated on

Tidjane Thiam’s blank check company has agreed to combine with solar company Complete Solaria, a rare recent deal of note for the troubled SPAC market.

Thiam’s Freedom Acquisition I has entered into a definitive business combination agreement with the newly formed US provider, according to a statement Monday. The combination will give Complete Solaria an equity value of about $888 million.