Tag: zero percent interest car loan

Auto Software Firm LeddarTech Reaches Deal to Go Public Via SPAC

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(Bloomberg) — LeddarTech Inc., an automotive software company, is going public through a merger with a blank-check company led by Qualcomm Inc.’s former president. Most Read from Bloomberg The deal with Prospector Capital Corp. will give LeddarTech a pro forma equity value of $348 million, according to a statement on Tuesday that confirmed a Bloomberg News report. The transaction will provide LeddarTech with $23 million from the blank-checking company, assuming investors don’t redeem their shares, and $43 million from a private investment in public equity, or PIPE. Proceeds from the deal will be used to fund the expansion of the…
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Mullen Automotive Stock: Not Worth Your Hard-Earned Money (MULN)

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Mario Tama Mullen Automotive Inc. (NASDAQ: MULN) is an electric vehicle company based in Brea, California. It manufactures and distributes electric vehicles, including passenger and commercial vehicles, according to Seeking Alpha’s description. They’re also known for their solid-state polymer battery technology, which should have changed the concept of electric vehicles a few years ago, judging by articles written by previous authors. I came across this company rather by accident – one of the articles ended up in Seeking Alpha’s “Trending Analysis” section, and I decided to take a closer look. What I found surprised me, to say the least –…
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MULN Stock Alert: Mullen Announces $63 Million Order

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Source: Ringo Chiu / Shutterstock Among the meme stocks gaining traction today is Mullen Automotive (NASDAQ:MULN). Shares of MULN stock have surged more than 8% in today’s session, moving off of an all-time low seen over the past week. This move is on some rather compelling news for speculators and investors in this upstart electric vehicle (EV) maker. Mullen announced an impressive 1,000-vehicle order from the Randy Marion Automotive Group’s (RMA) Randy Marion Isuzu, LLC segment. The company reports that the deal should amount to $63 million when all Class 3 EV cab chassis trucks are delivered. RMA is a…
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Car Rental Companies Expanding Again, Leading to Spring Deals

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Young whippersnappers might not remember that you didn’t always have to take out a loan to rent a car for the weekend. Thankfully, after the pandemic years, prices are coming down, and there are even deals to be had. Signs that the rental-car industry is turning around can be found in recent expansion announcements, both about new cars being added to fleets and more rental counters in more locations. We found some deals from Sixt, Hertz, and Avis in case you’re looking for temporary wheels soon. The rental-car world is shifting back to normal, sort of. These past few years…
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