COVA Acquisition Corp.
COVAU
NASDAQ Capital Market10.50
USD
+0.40
- -
COVA Acquisition Corp.
COVAU
(NASDAQ Capital Market)
Recent
price
10.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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. (COVAU) operates as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2020 and headquartered in San Francisco, California, the company targets technology and tech-enabled businesses in Southeast Asia or the United States, particularly in consumer internet, ecommerce, and software industries; it does not conduct significant independent operations prior to completing a business combination. In December 2022, COVA completed a reverse merger transaction with ECARX Holdings, Inc., a global mobility tech provider of infotainment head units, digital cockpits, vehicle chip-set solutions, core operating systems, and integrated software stacks, valued at approximately $3.82 billion, after which ECARX shares and warrants began trading on Nasdaq under the symbols ECX and ECXWW; the deal provided ECARX with $300 million in cash from COVA's trust and additional strategic financing to accelerate technology development, product rollouts, acquisitions, investments, and international expansion across Asia and Europe.
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