EV charging network Volta to go public via $2 bln SPAC deal!

Feb 8 (Reuters) – Volta Industries Inc said on Monday it agreed to go public through a merger with blank-check firm Tortoise Acquisition Corp II in a deal that values the electric vehicle (EV) charging station network at over $2 billion.

The deal will fetch Volta $600 million in net proceeds, including a $300 million private investment from funds and accounts managed by BlackRock Inc, Fidelity Management & Research Co LLC and Neuberger Berman Funds. bit.ly/3q1VxO3

Source url: Reuters