Search:
   

Tuesday, December 20, 2022

Equity Corporate Actions Alert #2022 - 456
Information Regarding the Business Combination of COVA Acquisition Corp. (COVA/W/U) and ECARX Holdings Inc.

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

The business combination of COVA Acquisition Corp. (COVA/W/U) and ECARX Holdings Inc. became effective today, Tuesday, December 20, 2022. As a result of the business combination, the Class A Ordinary Shares, Warrant, and Unit of COVA Acquisition Corp. (COVA/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: COVA Acquisition Corp. Class A Ordinary Shares
CUSIP#: G2554Y104
Symbol: COVA
Last Trading Date: December 20, 2022
Marketplace Effective Date for Suspension: December 21, 2022
Merger Consideration: One (1) ECARX Holdings Inc. Class A Ordinary Share (ECX) for each share held.
Company Name/Issue: COVA Acquisition Corp. Warrant
CUSIP#: G2554Y120
Symbol: COVAW
Last Trading Date: December 20, 2022
Marketplace Effective Date for Suspension: December 21, 2022
Merger Consideration: One (1) ECARX Holdings Inc. Warrant expiring 12/20/2027 (ECXWW) for each warrant held.
Company Name/Issue: COVA Acquisition Corp. Unit
CUSIP#: G2554Y112
Symbol: COVAU
Last Trading Date: December 20, 2022
Marketplace Effective Date for Suspension: December 21, 2022
Merger Consideration: Unit will separate into its components.

As a result of the business combination, the combined company's Class A Ordinary Share will list on the Nasdaq Global Market and the warrant will list on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: ECARX Holdings Inc. Class A Ordinary Share
CUSIP#: G29201103
Symbol: ECX
Marketplace Effective Date: December 21, 2022

Company Name/Issue: ECARX Holdings Inc. Warrant expiring 12/20/2027
CUSIP#: G29201111
Symbol: ECXWW
Marketplace Effective Date: December 21, 2022

If you would like to register as a market maker in ECX or ECXWW, contact Nasdaq Trading Services at +1 212 231 5100.


Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile