The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions.
The initial public offering price is expected to be between $14 and $16 per share.
Sono Motors is currently developing the world’s first solar electric vehicle (SEV) for the masses, called the Sion.
Holley and special purpose acquisition company Empower Ltd. to merge.
CCIV and Lucid are combining at a transaction equity value of $11.75 billion.
Shares of its common stock are being offered at a price to the public of $22 per share.
The Charlotte, N.C.-based company booked $798 million in revenue for the 12 months ended Sept. 30, 2020.
The company has announced a new holding structure: Three strong business sectors under the umbrella of Continental AG. “These changes strengthen the competitiveness of Continental and its successful values alliance for top value creation in the long term,” said CEO Dr. Elmar Degenhart.