the company can generate $5 billion in sales in 2023…. At least, not in the head-to-head sense. The merged company, to be called Arrival Group, will trade on NASDAQ under the ticker symbol "ARVL". 1125 N. Charles St, Baltimore, MD 21201. It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. The stock spiked 9.95% in intraday trading to $31.97 this Friday, Jan 15, hitting a weekly high. CIIG Merger Corp. CIIG Merger Corp. operates as a blank check company, which is formed for the purpose of effecting a merger, capital … So what’s the bottom line here? You can change your choices at any time by visiting Your Privacy Controls. CIIG Merger Corp 26.29 0.64 (2.38%) CIIG Merger Corp NASDAQ Updated Feb 19, 2021 4:59 PM. However, its revenue aspirations go far beyond that figure. On the one hand, EV-related stocks have some serious momentum. 2.38%. CIIG Merger Is An Electric Vehicle SPAC to Believe In With a strong pipeline and modest valuation relative to rivals, CIIC stock is an attractive electric vehicle SPAC. 53 institutions hold shares in CIIG Merger Corp. (CIIC), with institutional investors hold 66.47% of the company’s shares. Join investing legend Louis Navellier on March 3 when he unveils his most aggressive — and most exciting — way to play the boom in tech stocks. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. What happened. your username. The company has another interesting take on production as well, incorporating a “microfactory” approach. A high-level overview of CIIG Merger Corp. (CIIC) stock. So what’s the bottom line here? CIIG Merger Corp. does not have significant operations. The company expects to generate $1 billion in revenue in 2022 and $5.1 billion in 2023. CIIG Merger Corp. (CIIC) registered a 0% downside in the last session and has traded in the green over the past 5 sessions. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/understand-ciic-stock-so-we-know-what-spac-to-buy/. However. As such, CIIC stock has performed pretty well. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. This should allow the company to quickly set up its production facilities in existing warehouses in as little as six months. There are a lot of “ifs” when it comes to CIIC stock. The special-purpose acquisition company (SPAC) announced in November that it will merge with Arrival, a U.K.-based maker of electric buses and commercial vans. Electric-vehicle (EV) stocks on the whole went a little crazy toward the end of 2020. The fact that it already has some big investors helps. its peers, it may be much closer to doing so. Upon looking at major shareholders, it appears that insiders hold 0% of CIIG Merger Corp. shares, and 66.47% of them are in the hands of institutional investors. Rule 13d-1(b)[x] Rule 13d-1(c)? However, this company has a unique fundamental situation, while also finding itself in the midst of a unique market situation. Get Ciig Merger Corp (CIICU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. 2021 InvestorPlace Media, LLC. The company plans to begin production in the fourth quarter of 2021. . quotes delayed at least 15 minutes, all others at least 20 minutes. Further, the SPAC and EV space has been incredibly hot. Nasdaq The $50 figure is similar to where for quite some time, I've said we will be directly upon news of merge with CIIC into ARVL and IMHO we could be tapping $100 … While I’m an EV bull, let’s not deny that there’s been a lot of enthusiasm in this space over the last six to nine months. On the one hand, EV-related stocks have some serious momentum. Arrival, which is set to combine with CIIG Merger Corp. (NASDAQ:CIIC), a special purpose acquisition company (SPAC), by the end of next month, looks poised to benefit from a similar dynamic. There’s nothing wrong with being bullish on stocks this year. Should Arrival make its EV products cost-competitive or cheaper than its fossil-fuel competitors, there’s little reason it shouldn’t gain traction. Get the latest CIIG Merger Corp. (CIIC) stock news and headlines to help you in your trading and investing decisions. However, if some of these “ifs” start to pan out, we are looking at a real opportunity and potentially a high-quality one at that. Let’s see if we get a better opportunity in this one at some point this year. Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST. Find the latest CIIG Merger Corp. (CIIC) stock discussion in Yahoo Finance's forum. Further, it’s already got a few notable investors, including Kia and Hyundai. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under … The stock’s 5-day price performance is 7.31%, and it has moved by -1% in 30 days. The data on short interest also indicates that stock shorts accounted for 2.08 Million shares as on January 28, 2021, resulting in a short ratio of 1.18. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed. So do SPAC offerings and IPOs. The company was founded in 2019 and is based in New York, New York. Price. In other words, just a few quarters from now. Finally, Arrival believes it can be cash flow positive in 2023. On the one hand, EV-related stocks have some serious momentum. 2024 expectations may be a little out there, but the company is looking for $14 billion in sales in 2024. It further helps that some are already willing to place orders. With that said, don’t be surprised if we get a better opportunity to buy CIIC stock. If Arrival can come anywhere close to that last estimate, CIIC stock should be a massive winner. View today's stock price, news and analysis for CIIG Merger Corp. (CIIC). Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data provided by S&P Global Market Intelligence. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. UK electric van startup Arrival to get U.S. listing at $5.4 billion valuation. All rights reserved. What Will the Stock Market Do Today? CIIG Merger (NASDAQ:CIIC) is at an interesting crossroads in the market. All rights reserved. Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST. That’s when shares went from $10 to $30 in just a couple of weeks. CIIG's merger with Arrival is expected to close by the end of March. CIIG Merger Corp. (NASDAQ:CIIC) went up by 12.00% from its latest closing price compared to the recent 1-year high of $37.18. The company plans to begin production in the fourth quarter of 2021. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Lately the stock has been consolidating its rally from November. It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. So to combine EVs and SPACs creates a likely scenario where we eventually see some of this hot air get taken out of these stocks. Copyright © 2021 InvestorPlace Media, LLC. It’s not looking to build electric cars and trucks and take on some of the more established EV manufacturers and traditional automakers. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Another big investor — a large parcel logistics company — also has an order for 10,000 electric vans with an option for more. EV SPACs (special purpose acquisition companies) like CIIG Merger (NASDAQ: CIIC) went even crazier. There are a lot of “ifs” when it comes to CIIC stock. However, unlike its peers, it may be much closer to doing so. Finally, Arrival believes it.
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