share_log

Zapp To Become Publicly Traded Via Business Combination With CIIG Capital Partners II

Benzinga Real-time News ·  Nov 22, 2022 07:36
  • Zapp's First Product, the i300 Performance City Bike, with its Carbon Composite Body, Delivers Premium Performance Capabilities to Urban Mobility Riders
  • Unique Charging Solution with Ultra-Lightweight (6kg) Portable Battery Pack that can be Charged via any Standard 220v/110v Wall Socket
  • Innovative Exoskeleton Architecture Integrates Zapp's Design DNA, Provides Superior Performance Relative to Powered Two-Wheeler ("P2W") Peers, Reduces Overall Components and Simplifies Manufacturing Assembly
  • Strategic Manufacturing Partnership with Summit Group Already in Place and at Start of Production
  • Asset-Light, Capital Efficient Business Model Aims to Achieve Near-Term Positive Free Cash Flow
  • Estimated Post-Transaction Enterprise Value of $573 Million with up to $274 Million in Net Cash to Fund Growth Assuming No Redemptions by CIIG II stockholders; No Minimum Cash Condition
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment