XL Fleet Corporation - Ordinary Shares - Class A

:PIC   3:59:59 PM EDT
6.06
+0.31 (+5.39%)
Mergers / Acquisitions

XL Fleet To List On NYSE Through Merger With Pivotal Investment Corporation II

Published: 09/18/2020 10:49 GMT
(PIC) - Xl Fleet, a Commercial Vehicle Electrification Solutions Leader, to List on Nyse Through Merger With Pivotal Investment Corporation Ii.
Pivotal Investment Corporation Ii - Pro Forma Implied Enterprise Value of Combined Company of $1 Billion.
Pivotal Investment Corporation Ii - Combined Company is Expected to Have Approximately $350 Million in Net Cash at Closing.
Pivotal Investment Corporation Ii - All Xl Shareholders Will Retain 100% of Their Equity in Comibned Co.
Pivotal Investment Corporation Ii - Combined Co Will Be Named Xl Fleet.
Pivotal Investment Corporation Ii - Combined Co's Net Cash Includes Upsized $150 Million Fully Committed Pipe Backed by New and Existing Investors.
Pivotal Investment Corporation Ii - Xl's Revenues Are Expected to More Than Triple in 2021.