In December of 2021, Swiss energy storage specialist Leclanché consolidated some of its business into a new Swiss entity called Leclanché E-Mobility, and plans to merge it with a US-listed SPAC.

Leclanché plans to add to the SPAC’s $140 million by raising capital from a Private Investor in Public Equity (PIPE). The company says that if the PIPE’s effort is satisfactory to the Board of Directors and the SPAC, it anticipates a merger agreement in February, and the completion of the merger in the second quarter of 2022.

Source: Leclanché