Battery Maker ESS Technology Goes Public in a $1.07 Billion SPAC Deal with ACON
ESS’ existing shareholders will own around 64% of the combined company
May 13, 2021
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California-based utility-scale energy storage battery manufacturer ESS Technology has announced its merger with ACON S2 Acquisition Corp, a publicly traded special purpose acquisition company (SPAC). The collaboration has led it to become a publicly listed company.
Srinwanti Das
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