Ivanhoe Capital Acquisition Corp. (IVAN) to Combine with SES in a $2.6Bn Deal

ivanhoe-ses logo

Ivanhoe Capital Acquisition Corp. (IVAN) to Combine with SES in a $2.6Bn Deal

Ivanhoe (NYSE:IVAN) has entered into a definitive agreement to combine with EV battery-maker SES at an enterprise value of $2.675 billion, or 5.5x its 2025E revenue. Singapore-based SES is developing a hybrid lithium-metal rechargeable battery for electric vehicles with full production expected to launch in 2025. The combined company is expected to trade on the
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.