COVA Acquisition Corp.
COVA
NASDAQ Capital Market10.55
USD
+0.33
- -
COVA Acquisition Corp.
COVA
(NASDAQ Capital Market)
Recent
price
10.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- COVA Acquisition Corp. COVA Acquisition Corp. is a blank check company whose primary business is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it targets technology sector companies in Southeast Asia or the United States. The company, incorporated in 2020 as a Cayman Islands exempted company, is headquartered at 530 Bush Street, Suite 703, San Francisco, California. In December 2022, COVA Acquisition Corp. completed a reverse merger with ECARX Holdings, Inc., a global mobility tech provider, in a transaction valued at approximately $3.82 billion pro forma, following shareholder approval and nearly 98% redemptions from its trust; post-merger, ECARX shares and warrants commenced trading on Nasdaq under symbols ECX and ECXWS, respectively, with COVA sponsor interests retaining a minority stake amid additional capital commitments of $45 million from partners including Geely Holding Group, Luminar Technologies Inc., and Lotus Technology.
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