Spartan Energy surges 29% after inking $2.9 billion 'blank check' merger with Tesla competitor Fisker Inc. (SPAQ) | Markets Insider

The top-ranked stock-picker in small companies has returned 13 times more than his peers this year. He breaks down the 5 little-known stocks he's using to bet on the 5G and work-from-home revolutions.

Fisker's plan is to develop electric vehicles, and then outsource the production to other car manufacturers. An announcement regarding which car manufacturer Fisker will partner with has yet to be announced. Fisker said one of the advantages of partnering with an auto manufacturer is it allows the company to"bring vehicles to market in 29 months by sharing the hardware with other OEMs.

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EV start-up Fisker to go public through merger with Apollo-backed firm at combined value of $2.9 billionThe proposed deal is anticipated to provide Fisker the necessary funding to bring its first product, the Fisker Ocean, to production in late 2022. Maybe the beginning of the end of the gas combustion engine. Time to be a 21st century Nation.
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