CIIG Capital Partners II closed its merger with Zapp Electric Vehicles Limited, a UK-based two-wheel electric vehicle company.
Zapp shares and warrants began listing today on the Nasdaq under the ticker symbols ZAPP and ZAPPW. The business combination was approved April 14 by CIIG II stockholders. Following shareholder approval, CIIG II said it had secured a forward purchase agreement for up to 10 million shares as part of its effort to close the deal.
Zapp has a limited operating history and has not yet released a commercially available electric vehicle. Read more.
Source: CIIG II and Zapp Complete Merger