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ECD Automotive Design completes SPAC merger, debuts on NASDAQ as (ECDA)

ECD NASDAQ

Custom EV conversion specialist ECD Automotive Design celebrated a huge milestone today, ringing the opening bell in New York City as it was officially listed on the NASDAQ following a successful SPAC Merger with EF Hutton. The merger gives the company specializing in classic UK vehicles plenty of runway to grow its already successful business.

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Mullen Automotive (MULN) receives Nasdaq determination and now faces stock delisting

Mullen stock

The stock of EV startup Mullen Automotive hit an all-time low Wednesday evening following a delisting determination sent by the Nasdaq Stock Market for failure to maintain a minimum bid price of $1. This news comes as the latest blow to a company that has consistently sparring with financial firms and analysts lately and must now fight being delisted altogether.

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VinFast’s SPAC merger nabs shareholder approval, will debut on Nasdaq next week

VinFast Nasdaq

After nearly two years of saying it was planning to do so, VinFast has a clear runway to publicly list on the Nasdaq, following approval by shareholders of Black Spade to complete a SPAC merger. With a formal filing expected to close quickly, we could see VinFast’s new ticker symbols scrolling the Nasdaq as early as next week.

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Arrival (ARVL) receives non-compliance letter from Nasdaq because its stock share price is too low

Arrival Stock

EV startup Arrival announced that it has received a non-compliance letter from the Nasdaq Stock Market LLC, informing the company that the closing bid price has been below the minimum $1.00 per share for at least consecutive 30 days. Arrival now has until May to meet the minimum bid requirement to avoid being delisted on the stock market.

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Ahead of Nasdaq listing, Gogoro battery-swapping network raises millions more in SPAC deal

Late last year, it was announced that the battery-swapping Goliath known as Gogoro is going public on the Nasdaq stock exchange in a monumental deal that was set to value the company at around US $2.3 billion. Now we are learning that the company is raising millions more than initially expected as part of the deal.

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