ECARX to Go Public in $3.82B Merger With COVA Acquisition

(Source: ECARX)

ECARX Holdings, Inc., a global mobility tech company, has entered into a merger agreement with COVA Acquisition Corp. and expects to be listed on the Nasdaq upon completion of the transaction. The closing of the merger is expected to occur in the fourth quarter of 2022.

The transaction represents a combined company pro formal equity value …