Arrival to scrap plan to merge with SPAC

Kensington Capital Acquisition V

03/07/2023 21:36

July 3 (Reuters) - British electric vehicle startup
Arrival SA  ARVL.O  said on Monday it would terminate plans to
merge with special purpose acquisition company (SPAC) Kensington
Capital Acquisition Corp  KCGI.N .

 (Reporting by Akash Sriram in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti on Twitter;
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