Science4Data Article Insights

https://www.cnbc.com/2020/07/13/ev-startup-fisker-to-go-public-through-merger-with-apollo-backed-firm-at-combined-value-of-2point9-billion.html

EV start-up Fisker to go public through merger with Apollo-backed firm at combined value of $2.9 billion

2020-07-13 00:00:00, Michael Wayland, CNBC

Content Categorization
/Autos & Vehicles/Motor Vehicles (By Type)/Hybrid & Alternative Vehicles
/Business & Industrial

Word Count:
379

Words/Sentence:
19

Reading Time:
2.53 min

Reading Quality:
Adept

Readability:
13th to 15th

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

Electric vehicle start-up Fisker is expected to go public through a merger with a company backed by private equity firm Apollo Global Management with a combined value of $2.9 billion, the companies said Monday.

The deal mirrors that of all-electric vehicle start-up Nikola, which went public last month through a reverse merger with VectoIQ, another publicly traded special purpose acquisition company.

Cowen, Credit Suisse and Goldman Sachs are serving as co-placement agents on the private investment in public equity offering.

The aspiring California-based automaker will merge with Spartan Energy Acquisition, a special purpose acquisition firm.

The proposed deal is anticipated to provide Fisker with the necessary funding to bring its first product, the Fisker Ocean, to production in late 2022.

Keywords
Transportation, business news, Business, Spartan Energy Acquisition Corp, Apollo Global Management Inc, Autos, Tesla Inc, Nikola Corporation

Interested in Learning More?

Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.