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12

Apr
2021

In Uncategorized

By Bill

Spaq Definitive Agreement

On 12, Apr 2021 | In Uncategorized | By Bill

Fisker Inc. 2016 Equity Incentive Plan as amended and the corresponding form of the option agreement. Fisker Automotive, the manufacturer of luxury hybrids and electric vehicles, is the latest in a growing list of automotive companies that choose to go public via the Special Purpose Acquisition Company (SPAC) model. According to the recently released press release, Fisker has entered into a definitive agreement with The Spartan Energy Acquisition Corp. (NYSE:SPAQ) under which the merger of the two Fisker companies will allow the listing on the New York Stock Exchange (NYSE). On July 23, 2020, in respect of the extension, Spartan submitted a final power of attorney to the SEC. In addition, Spartan may submit other relevant materials to the SEC in connection with the extension. Documents to be submitted or submitted by Spartan to the SEC can be obtained free of charge on the SEC`s website at www.sec.gov. Spartan security officials are asked to read the proxy statement and other relevant documents if they are available before making a decision to vote on the renewal, as they contain or will contain important information about the extension. The total agreement is valued at approximately $2.9 billion and the transaction will bring the company gross proceeds of more than $1 billion, including an INVESTISSEMENT of $500 million, which corresponds to the issuance of common shares at a price of $10.

As an additional context, a private investment in public investments (PIPE) is the purchase of shares of shares listed at a discount to the current market price by institutional investors. The mechanism is intended to reward these investors for injecting liquidity. Like many SPAC, Spartan`s charter currently provides that Spartan has 24 months after the close of Spartan`s IPO (until August 14, 2020 in the case of Spartan) to conclude a first business combination. As previously announced, Spartan has entered into a definitive agreement for a business combination (fisker transaction) that would make Fisker Inc. (“Fisker”) a publicly traded company. However, Operation Fisker is not expected to be completed until after August 14, 2020. Spartan therefore aims for the extension to allow Spartan to complete Operation Fisker. Figure 10.1 Accused of Insiders of Letter and Reference Agreement is provided to the correspondence agreement reached on August 9, 2018 to Spartan Energy Acquisition Corp., a Delaware Corporation (the “Company”), and attached in Appendix A (the “insider letter”). In exchange for a good and valuable consideration, the receipt and sufficiency of which are recognized, the signed recognition is SPARTAN ENERGY ACQUISITION CORP. 9 West 57th Street, 43rd Floor New York, NY 10019 August 9, 2018 Spartan Energy Acquisition Sponsor LLC 9 West 57th Street, 43rd Floor New York, NY 10019 Re: Administrative Services Agreement Gentlemen: This letter agreement by and between Spartan Energy Acquisition Corp.

(the “Company”) and Spartan Energy Acquisition Sponsor LLC (“Sponsor”), dated information contained in this press release, include “forward-looking statements” within the meaning of Section 27A of the amended Securities Act of 1933 (the ”┬áSecurities Act”) Section 21E of the Securities Exchange Act of 1934, as amended.