Finance

SPAC Performance Slower growth for EV mobility, underperformance relative to management guidance, and sizable capital expenditures has weighed on battery SPAC performance. All tracked battery stocks except one are trading at a discount to the $10 Par Value. Across the tracked SPAC, companies are down 33% FY2024 relative to the S&P which is up 23%

(Performance relive to par price)

Source: CapIQ1/01/2025 1 Jan 2023, announced that Shell would acquire Volta 2Nov 2023, Proterra sold to Volvo and Phoenix Motors 3 Dec 2024, Lion ELectric CCAA restructuring process in progress

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