Instead, Arrival has a different approach. CIIG Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. 2024 expectations may be a little out there, but the company is looking for $14 billion in sales in 2024. Further, the SPAC and EV space has been incredibly hot. Want to learn how to 5X, 10X, even 20X your stock gains? If Arrival can come anywhere close to that last estimate, CIIC stock should be a massive winner. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed. On the one hand, EV-related stocks have some serious momentum. 2021 InvestorPlace Media, LLC. 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. So what’s the bottom line here? However, its revenue aspirations go far beyond that figure. That’s when shares went from $10 to $30 in just a couple of weeks. If the company can generate $5 billion in sales in 2023…if it can turn cash flow positive. Discover historical prices for CIIC stock on Yahoo Finance. Another big investor — a large parcel logistics company — also, The company expects to generate $1 billion in revenue in 2022 and $5.1 billion in 2023. the company can generate $5 billion in sales in 2023…. 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 … Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data … UK electric van startup Arrival to get U.S. listing at $5.4 billion valuation. View today's stock price, news and analysis for CIIG Merger Corp. (CIIC). There’s nothing wrong with being bullish on stocks this year. Welcome! It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. View daily, weekly or monthly format back to when CIIG Merger Corp. stock was issued. CIIG Merger Corp. (Name of Issuer) Class A common stock, $0.0001 par value per share (Title of Class of Securities) 12559C103 (CUSIP Number) November 19, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed:? 2.38%. Why Stocks of These Niche … The company plans to begin production in the fourth quarter of 2021. CIIG Merger Corp. (CIIC) registered a 0% downside in the last session and has traded in the green over the past 5 sessions. With that said, don’t be surprised if we get a better opportunity to buy CIIC stock. Finally, Arrival believes it. Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST. Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. CIIG Merger (NASDAQ: CIIC) is at an interesting crossroads in the market. Time to double or upgrade masks as coronavirus variants emerge, experts say. What Will the Stock Market Do Today? However, unlike its peers, it may be much closer to doing so. When it does, CIIC stock will trade under the ticker symbol “ARVL.”. Further, it’s already got a few notable investors, including Kia and Hyundai. For bulls, the sideways action in the stock price is about as much as they could ask for. However, Arrival isn’t your typical automaker. 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. Get Ciig Merger Corp (CIICU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Special purpose acquisition company CIIG Merger will absorb an electric-vehicle maker in a transaction that values the combined company at $5.4 billion. Finally, Arrival believes it can be cash flow positive in 2023. … The company has another interesting take on production as well, incorporating a “microfactory” approach. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. CIIG Merger on Course for a Successful Arrival CIIC stock is a promising investment in a smart, creative EV maker By Lou Carlozo , InvestorPlace Contributor Jan 13, 2021, 8:12 am EST January 13, 2021 At this point, however, the rally seems like it’s … 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. Find the latest CIIG Merger Corp. (CIICU) stock quote, history, news and other vital information to help you with your stock trading and investing. Find the latest CIIG Merger Corp. (CIICU) stock quote, history, news and other vital information to help you with your stock trading and investing. Get the latest CIIG Merger Corp. (CIIC) stock news and headlines to help you in your trading and investing decisions. Lately the stock has been consolidating its rally from November. About CIIC. 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. It’s going after vans and busses. Should Arrival make its EV products cost-competitive or cheaper than its fossil-fuel competitors, there’s little reason it shouldn’t gain traction. Matt McCall and the InvestorPlace Research Staff, The Best Stocks to Buy During the Market-Wide Selloff, Solar Stocks: It’s Time to Invest in One of the Most Valuable Technologies Ever. 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. While CIIC stock may be one of the higher quality EV SPACs, it won’t be immune to a group-wide dip. Log into your account. The company was founded in 2019 and is based in New York, New York. 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. Get the latest CIIG Merger Corp. (CIIC) stock news and headlines to help you in your trading and investing decisions. On the one hand, EV-related stocks have some serious momentum. your username. Another big investor — a large parcel logistics company — also has an order for 10,000 electric vans with an option for more. Get the hottest stocks to trade … Shares have been consolidating nicely, but the stock has also been putting in a series of lower highs. Share your opinion and gain insight from other stock traders and investors. There it can produce vans and busses, cutting down shipping costs as it can operate in multiple regions at once. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Press Release reported on 02/19/21 that Arrival Group Announces Five New Members to Global Board of Directors. CIIC 26.29 0.64 (2.38%) Post-Market 0.35 (1.33%) 14,451. Copyright © 2021 InvestorPlace Media, LLC. CIIG Merger (NASDAQ:CIIC) is at an interesting crossroads in the market. Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data provided by S&P Global Market Intelligence. 1125 N. Charles St, Baltimore, MD 21201. Rule 13d-1(b)[x] Rule 13d-1(c)? Cardano Is Set to Outpace Even the Fastest-Moving Crypto Coins, Reddit Stocks: Why GME, AMC, NOK, BB, EXPR and KOSS Are on a Rocket Ship Again, With the Lucid Motors Merger Confirmed, CCIV Stock Is Your 10X Opportunity, Palantir Grows Into Its High-Priced Valuation. Further, it’s already got a few notable investors, including Kia and Hyundai. All rights reserved. It’s not looking to build electric cars and trucks and take on some of the more established EV manufacturers and traditional automakers. Time to double or upgrade masks as coronavirus variants emerge, experts say. 3 Big Stories to Watch. However, it would be silly to pretend that there aren’t some pockets of euphoria. 53 institutions hold shares in CIIG Merger Corp. (CIIC), with institutional investors hold 66.47% of the company’s shares. Let’s see if we get a better opportunity in this one at some point this year. CIIG Merger (NASDAQ: CIIC) went public in December 2019, raising $225 million. Like most of its EVs SPAC peers, Arrival does not currently generate any meaningful revenue or earnings. Top institutional investors include Magnetar Financial LLC (6.00%), Highline Capital Management L.P. (0.84%), Ratan Capital Management LP (0.31%), ExodusPoint Capital Management LP (0.20%), Sei Investments Co. (0.15%) and Citigroup Inc. (0.13%). So what’s the bottom line here? Electric-vehicle (EV) stocks on the whole went a little crazy toward the end of 2020. CIIG Merger (NASDAQ: CIIC) is a shell company that’s merging with Arrival, a U.K.-based manufacturer of all-electric vehicles, including buses for mass transit. 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. It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. There are a lot of “ifs” when it comes to CIIC stock. CIIG Merger Corp. (CIIC) registered a 0% downside in the last session and has traded in the green over the past 5 sessions. There are a lot of “ifs” when it comes to CIIC stock. Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month John Rosevear 1/7/2021. Institutions hold 66.47% of the Float. The merged company, to be called Arrival Group, will trade on NASDAQ under the ticker symbol "ARVL". 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. CIIG Merger Corp 26.29 0.64 (2.38%) CIIG Merger Corp NASDAQ Updated Feb 19, 2021 4:59 PM. Get Ciig Merger Corp (CIICU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. CIIG Merger Corp. CIIG Merger Corp. operates as a blank check company, which is formed for the purpose of effecting a merger, capital … The post CIIG Merger Is An Electric Vehicle SPAC to Believe In appeared first... InvestorPlace - 1 month ago CIIG Merger Corp. (NASDAQ:CIIC)’s Biggest Investors. It further helps that some are already willing to place orders. Even better, the company believes it can generate a profit even on low production volume thanks to this approach. Simply put, that would be a very impressive revenue number to put up. 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. CIIG Merger (NASDAQ:CIIC) is at an interesting crossroads in the market. In other words, just a few quarters from now. However, this company has a unique fundamental situation, while also finding itself in the midst of a unique market situation. Price. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. In other words, just a few quarters from now. In all, Arrival has snagged more than $1 billion worth of orders. The shares outstanding are 32.34M, and float is at 24.22M with Short Float at 8.60%. 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. The fact that it already has some big investors helps. The stock’s 5-day price performance is 7.31%, and it has moved by -1% in 30 days. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The company plans to begin production in the fourth quarter of 2021. So do SPAC offerings and IPOs. The company expects to generate $1 billion in revenue in 2022 and $5.1 billion in 2023. You can change your choices at any time by visiting Your Privacy Controls. 2024 expectations may be a little out there, but the company is looking for, This should allow the company to quickly set up its production facilities in existing warehouses, Even better, the company believes it can generate a profit even on low production volume thanks to this approach. Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month John Rosevear 1/7/2021. With that said, don’t be surprised if we get a better opportunity to buy CIIC stock. Further, the SPAC and EV space has been incredibly hot. So do SPAC offerings and IPOs. CIIG Merger's stock is owned by a variety of retail and institutional investors. 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. This should allow the company to quickly set up its production facilities in existing warehouses in as little as six months. Nearly 0% of CIIG Merger Corp.’s shares belong to company insiders and institutional investors own 66.47% of the company’s shares, according to Thomson Reuters’ data. A high-level overview of CIIG Merger Corp. (CIIC) stock. Find the latest CIIG Merger Corp. (CIIC) stock discussion in Yahoo Finance's forum. The company’s stock price has collected -7.31% of loss in the last five trading sessions. CIIG Merger does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. . The stock spiked 9.95% in intraday trading to $31.97 this Friday, Jan 15, hitting a weekly high. Understand CIIG Merger Stock So We Know What SPAC to Buy. . The stock’s 5-day price performance is 7.31%, and it has moved by -1% in 30 days. Yahoo is part of Verizon Media. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. your password On the one hand, EV-related stocks have some serious momentum. quotes delayed at least 15 minutes, all others at least 20 minutes. Like most of its EVs SPAC peers, Arrival does not currently generate any meaningful revenue or earnings. CIIG's merger with Arrival is expected to close by the end of March. CIIG Merger Corp. does not have significant operations. CIIG Merger does not have significant operations. Nasdaq Article printed from InvestorPlace Media, https://investorplace.com/2021/02/understand-ciic-stock-so-we-know-what-spac-to-buy/. Further, SPACs have also been a point of enthusiasm. Instead of building huge, massive production facilities like most automakers, Arrival aims to have a much smaller production footprint. At least, not in the head-to-head sense. its peers, it may be much closer to doing so. Copyright © What happened. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. What happened. 1125 N. Charles St, Baltimore, MD 21201. CIIC Merger should eventually become Arrival sometime in the first quarter of 2021. The combination has led CIIC stock from roughly $10 before the merger was announced to a current $27.68. Get instant access to a free live streaming chart of the Ciig Merger Corp Stock. 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. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. As such, CIIC stock has performed pretty well. So do SPAC offerings and IPOs. The stock currently has a share float of 66.47%. Price. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under … EV SPACs (special purpose acquisition companies) like CIIG Merger (NASDAQ: CIIC) went even crazier. Real time CIIG Merger Corp. (CIIC) stock price quote, stock graph, news & analysis. However. Shares have been consolidating nicely, but the stock has also been putting in a series of lower highs. Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST. The stock spiked 9.95% in intraday trading to $31.97 this Friday, Jan 15, hitting a weekly high. All rights reserved.
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