1432952 B.C. Ltd. /
Tevva Motors Limited
ElectraMeccanica and Tevva agree to combine businesses
What happened
ElectraMeccanica Vehicles Corp. and Tevva Motors Limited entered into an Arrangement Agreement for a business combination. Under the planned arrangement, 1432952 B.C. Ltd. will purchase Tevva’s outstanding shares in exchange for shares of Holdco.
The resulting issuer is planned to hold the combined businesses and operate as Tevva, Inc. The filing does not disclose a transaction price.
The source
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ElectraMeccanica and Tevva agree to combine businesses
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