Monday, March 8, 2021
Recent M&A Activity:
February 1, 2021: Microvast Inc. agreed to merge with Tuscan Holdings Corp., a special purpose acquisition company. The newly combined company, named Microvast Holdings, will be publicly listed on Nasdaq. Microvast is a producer of battery technologies for commercial and specialty vehicles, including electric vehicles.
February 2, 2021: EnergyWyze was acquired by SinglePoint for an undisclosed amount. EnergyWyze acquires and develops market leads for large solar companies including Vivint Solar, SunEdison, and Crius Solar. SinglePoint provides renewable energy solutions to consumers and small commercial businesses, including installation mapping and solar power systems.
February 5, 2021: Advent Technologies completed a business combination with AMCI Acquisition Corp., a special purpose acquisition company. Advent focuses on the development of next-generation fuel cell technologies applicable to electrification, hydrogen production, and flow batteries. Advent raised $158.3 million in capital through the transaction.