Fisker has announced it will go public following a merger with blank-check company Spartan Energy Acquisition.
Reports of the potential deal first surfaced last week, but the deal itself has only now been confirmed. The $2.9 billion deal is being backed by private equity firm Apollo Global Management and is expected to close in the first quarter of the year.
The board of directors will feature current Fisker members and an individual appointed by Apollo.
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“This vote of confidence from investors, coupled with our exciting progress on the development of our first vehicle, lays out Fisker’s path to 2022 and beyond,” Fisker said in a release, CNN notes.
“Today, the realization of the world’s first digital car company took another major step forward, advancing our mission to commercialize the world’s most emotional and sustainable vehicles, while upholding our vision of a clean future for all,” added Henrik Fisker.
Fisker’s first production model will be the all-electric Ocean SUV that is set to hit the market in 2022. Powering the vehicle will be an 80 kWh battery pack and while we don’t yet have horsepower and torque figures, Fisker says the flagship variant will be good for 60 mph (96 km/h) in 2.9 seconds. The 80 kWh setup will support fast charging and should provide up to 300 miles (483 km) of range.
Arguably more impressive than these stats is the fact that Fisker is targeting a starting price of just $37,499 in the United States, which could drop to $29,999 with the federal tax credit.
