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SPAC · Merger completed

CIIG Merger Corp.

Business combination with Arrival S.a r.l.

CIIG Merger Corp. is a blank-check company (SPAC) that raised $225M in its initial public offering on Dec 13, 2019, listing on Nasdaq Capital Market. It completed its business combination with Arrival S.a r.l. on Mar 24, 2021; the combined company is Arrival (CIIG renamed Arrival Vault US, Inc.) (ARVL). Snap led the IPO, with Time Warner and Global Media. Ellenoff Grossman & Schole advised the SPAC and Winston & Strawn advised the underwriters on the IPO.

Arrival S.a r.l. provides cities with solutions for sustainable urban environments. It is deploying its first two Microfactories in South Carolina in the US and Bicester in the UK, and is merging with a SPAC.

Status
Merger completed
IPO date
Dec 13, 2019
IPO size
$225M
IPO exchange
Nasdaq Capital Market
Target
Arrival S.a r.l. (Arrival)
Announced
Nov 18, 2020
Closed
Mar 24, 2021
Combined company
Arrival (CIIG renamed Arrival Vault US, Inc.) (ARVL)
IPO underwriters
Snap, Time Warner, Global Media, Client Partners, Time, Young & Rubicam, Lumia Capital and International Investment
SPAC counsel (IPO)
Ellenoff Grossman & Schole
Underwriters' counsel (IPO)
Winston & Strawn

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