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Nubia Brand International Corp. (NUBI) to Combine with Honeycomb Battery in $700M Deal

Nubia Brand International Corp. (NUBI) to Combine with Honeycomb Battery in $700M Deal

Nubia Brand International Corp. (NASDAQ:NUBI) has entered into a definitive agreement to combine with battery technology developer Honeycomb for initial equity consideration of $700 million. Dayton, Ohio-based Honeycomb is the battery division of industrial chemical firm Global Graphene Group and it holds patents on solid-state batteries for EVs. The combined company is expected to trade
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