InterPrivate Acquisition Corp. Announces Stockholder Approval of Business Mixture with Aeva
NEW YORK, March 11, 2021 /PRNewswire/ — InterPrivate Acquisition Corp. (“InterPrivate”) (NYSE: IPV), right now introduced the effects for the seven proposals thought of and voted on by its stockholders at its Particular Assembly on March 11, 2021. InterPrivate documented that all of the proposals related to the beforehand declared business enterprise mixture arrangement amongst InterPrivate and Aeva Systems, Inc. (“Aeva”) had been permitted by the InterPrivate stockholders at the distinctive meeting. A Kind 8-K disclosing the total voting effects has been filed with the Securities and Exchange Fee.
Moreover, the deadline for electing redemptions has passed, and 99.9% of funds will continue being in InterPrivate’s have confidence in account as of closing. As a outcome, Aeva expects to obtain approximately $563M in gross proceeds at the time of the small business mix, which incorporates $320 million in envisioned gross proceeds from the personal placements, which have been approved by the InterPrivate stockholders and are predicted to near concurrently with the closing of the company mixture.
The closing of the company combination is predicted to just take location on or about March 12, 2021. Next closing of the company combination, InterPrivate will be renamed “Aeva Systems, Inc.” and its typical stock and warrants are predicted to commence trading on the New York Inventory Exchange on or about March 15, 2021 beneath the ticker symbols “AEVA” and “AEVAW”, respectively.
About Aeva
Launched in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, and led by a multidisciplinary crew of engineers and operators, Aeva is building the following-generation of sensing and notion for autonomous automobiles and further than. Aeva is backed by Adage Cash, Porsche SE, Lux Cash and Canaan Companions, among many others. For more information and facts, pay a visit to www.aeva.com.
About InterPrivate Acquisition Corp.
InterPrivate is a blank verify organization arranged for the goal of effecting a merger, share exchange, asset acquisition, inventory obtain, recapitalization, reorganization, or other similar small business mix with a single or a lot more businesses or entities. InterPrivate is controlled by affiliate marketers of Ahmed M. Fattouh, Chairman and Chief Government Officer, and InterPrivate LLC, a private expense business established by Mr. Fattouh that is also the sponsor of InterPrivate II Acquisition Corp., InterPrivate III Monetary Companions, Inc., and InterPrivate IV InfraTech Partners, Inc. InterPrivate is an emerging progress enterprise as described in the Jumpstart Our Enterprise Startups Act of 2012.
Forward-Hunting Statements
This push launch has selected ahead-on the lookout statements inside of the which means of the federal securities legislation. These ahead-seeking statements commonly are recognized by the words “think,” “project,” “hope,” “anticipate,” “estimate,” “intend,” “technique,” “long run,” “option,” “program,” “may well,” “need to,” “will,” “would,” “will be,” “will proceed,” “will probable end result,” and very similar expressions. Forward-searching statements are predictions, projections and other statements about long run occasions that are centered on current expectations and assumptions and, as a final result, are matter to dangers and uncertainties. A lot of aspects could cause actual long run functions to differ materially from the forward-seeking statements in this press launch, together with, but not confined to: (i) the timing of and capability to near the enterprise mix, which include the gratification of any relevant closing situations, (ii) the timing of and ability to listing and keep the listing of Aeva’s securities on the New York Stock Trade, and (iii) the amount of proceeds to be been given from the non-public placements to be consummated concurrently with the closing of the business enterprise mixture. The foregoing listing of factors is not exhaustive. You ought to diligently take into consideration the foregoing things and the other threats and uncertainties described in the “Hazard Things” and “Cautionary Notice Pertaining to Forward-Seeking Statements and Possibility Component Summary” sections of InterPrivate’s registration statement on Variety S-4 (No. 333-251106), as amended, originally filed with the SEC on December 3, 2020, and InterPrivate’s and Aeva’s other filings with the SEC. These filings establish and tackle other crucial dangers and uncertainties that could cause genuine activities and final results to vary materially from individuals contained in the forward-wanting statements. Forward-wanting statements talk only as of the date they are built. Viewers are cautioned not to set undue reliance on forward-looking statements, and neither InterPrivate nor Aeva assumes any obligation nor does both intend to update or revise these ahead-seeking statements, irrespective of whether as a outcome of new information and facts, potential occasions, or otherwise.
Press Contacts
Aeva
Traders:
Andrew Fung
[email protected]
Media:
Michelle Chang
[email protected]
InterPrivate
Traders:
Charlotte Luer
[email protected]
View primary content material:http://www.prnewswire.com/news-releases/interprivate-acquisition-corp-announces-stockholder-approval-of-business enterprise-mixture-with-aeva-301246128.html
Resource InterPrivate Acquisition Corp.