Malacca Straits Acquisition Company (MLAC) to Combine with Indiev in $600M Deal

Malacca Straits (NASDAQ:MLAC) has entered into a definitive agreement to combine with EV-maker Indiev for equity consideration worth $600 million. Los Angeles-based Indiev is developing two electric vehicle models set to hit the market in 2023. Transaction Overview Malacca Straits brings an estimated $48.6 million into the deal from its current trust and Indiev founder
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