VFBATTERY REPORT
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Page 48 of 518
Battery Report 2024, page 48: Finance

Directory profiles · Battery Business Directory

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SPAC Performance Slower growth for EV mobility, underperformance relative to management guidance, and sizable capital expenditures has weighed on battery SPAC performance. All tracked battery stocks except one are trading at a discount to the $10 Par Value. Across the tracked SPAC, companies are down ~33% FY2024 relative to the S&P which is up ~23%

(Performance relive to par price)

Source: CapIQ(1/01/2025) (1) Jan 2023, announced that Shell would acquire Volta (2)Nov 2023, Proterra sold to Volvo and Phoenix Motors (3) Dec 2024, Lion ELectric CCAA restructuring process in progress

Extracted from the PDF; charts and images may read imperfectly.

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