Apollo-Backed Blank-Check Company Surges 71% on Possible Fisker Deal

(Bloomberg) — The allure of electric vehicles is boosting shares of blank-check companies, the latest being Apollo Global Management-backed Spartan Energy Acquisition Corp.Spartan Energy became something of an overnight sensation Thursday after Reuters reported that it was leading a bidding war for carmaker Fisker Inc. Spartan’s stock has now gained as much as 71% in the course of two trading sessions, mirroring the meteoric rise of Nikola Corp., the semi-truck maker that listed on the Nasdaq following a blank-check company reverse merger.It’s unclear to what extent a case of mistaken identity could be coming into play. Fisker is veteran car …read more

Source:: Yahoo Finance

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