China-linked EcarX, Lanvin complete SPAC mergers
EcarX, a smart mobility solutions provider backed by Chinese automaker Geely Auto Group, and Lanvin Group, a global luxury fashion platform established by Fosun Group, both completed mergers with US-listed special purpose acquisition companies (SPACs).
Both are now trading below their SPAC offering prices of USD 10.00, following shareholder redemptions. EcarX slipped to USD 6.35 on its December 21 debut before rallying to close at USD 10.75. It ended...
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