COVA Acquisition Corp. (COVA) to Combine with ECARX in $3.522B Deal

COVA Acquisition Corp. (NASDAQ:COVA) has entered into a definitive agreement to combine with global mobility tech company ECARX Holdings, at an enterprise value of $3.522 billion, or approximately 4.1x 2023E revenue. Hubai, China-based ECARX develops hardware and software solutions for the development of connected, automated and electrified mobility, which it supplies to the global automotive
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