Toyota and EDF-backed Nuvve, a developer of electric vehicle charging technology, is merging with Newborn Acquisition Corp to form a $202m business.
Nuvve Corporation, a US-based vehicle charging technology provider backed by energy utility EDF and carmaker Toyota, has agreed a reverse merger with Nasdaq-listed special purpose acquisition company Newborn Acquisition Corp. The deal will value the combined business at $202m and will be backed by $4m bridge financing and $14m in private investment in public equity…
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