EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal

A large part of the proceeds will be used to accelerate the expansion of ADS-TEC Energy's storage solutions, charging, and energy management platforms in the U.S. and Europe

August 13, 2021

/ Harsh Shukla

/ Finance and M&A, Other

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ADS-TEC Energy, a Germany-based electric vehicle (EV) charging company, has signed a definitive business combination agreement with European Sustainable Growth Acquisition Corporation (EUSG), a special purpose acquisition company, resulting in ADS-TEC Energy becoming a publicly listed company. The pro forma market capitalization of the combined company is approximately $580 million.

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Harsh Shukla

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EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal

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