SPAC CIIG closes in on Merger with EV innovator Arrival

CIIC merger

CIIG Merger Corp (NASDAQ: CIIC) first announced the reverse merger with Arrival in November 2020. The SPAC company CIIG Merger Corp has since gained over 108% in the share price, illustrating a bullish investor sentiment. Arrival Ltd. has peaked the interests of investors, with its evolutionary EV passenger bus and van models.…