Deals
EV Maker Next.e.Go Drops in Trading Debut After SPAC Merger
An e.Go electric vehicle at the Hannover Messe industrial technology fair in Hanover, Germany in April
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Electric vehicle maker Next.e.Go NV fell 45% on its first day of trading on the Nasdaq after the completion of a merger with a blank-check company.
Next.e.Go’s shares closed at $1.41 on Friday after the combination of its predecessor company with Athena Consumer Acquisition Corp. That followed Athena’s 71% drop Thursday on the NYSE American exchange after the completion of the deal was announced.