CIIG - CIIG STOCK NEWS

CIIG Capital Partners II, Inc. (Nasdaq: CIIG) announced the adjournment of its special stockholder meeting originally set for April 12, 2023, to discuss the approval of a merger agreement with Zapp Electric Vehicles Limited. The meeting will now reconvene on April 14, 2023, at 11:00 a.m. Eastern time. In light of the adjournment, the deadline for shareholders to redeem their shares has been extended to April 12. Stockholders recorded by February 13, 2023, are eligible to vote. CIIG is a blank check company focused on business combinations, with its stock trading under the symbols CIIG, CIIGU, and CIIGW.

CIIG Capital Partners II, Inc. (Nasdaq: CIIG) has announced a special meeting for stockholders on April 12, 2023, to vote on the proposed business combination with Zapp Electric Vehicles Limited. The SEC has declared the registration statement effective, allowing stockholders to vote on the merger without needing to affirmatively approve it to redeem shares for cash. Zapp plans to list its shares on Nasdaq under the ticker symbols 'ZAPP' and 'ZAPPW' upon completion. The record date for voting is set for February 13, 2023. CIIG II emphasizes the importance of stockholders voting their shares via proxy before the meeting.

CIIG Capital Partners II announced a deposit of $2,875,000 by its sponsor to extend the deadline for completing a business combination with Zapp Electric Vehicles from March 17 to September 17, 2023. This extension, necessary for finalizing the merger agreement established on November 22, 2022, allows the combined company, Zapp Electric Vehicles Group Limited, to list on Nasdaq under the ticker 'ZAPP'. The merger is expected to close in H1 2023, pending stockholder approvals and customary conditions.

Zapp Electric Vehicles has appointed Graham Lusby as the new Head of Aftersales, Europe. With eight years of experience at McLaren Automotive, Lusby will implement Zapp's innovative drop-ship-direct-to-customer (DSDTC) sales model for the i300 electric bike. This model enhances customer convenience by delivering bikes directly to their chosen location and providing on-site servicing by trained technicians called 'Zappers'. The Business Combination with CIIG Capital Partners II is set to close in the first half of 2023, aiming for a Nasdaq listing under the ticker ZAPP.

CIIG Capital Partners II, Inc. (Nasdaq: CIIG) and Zapp Electric Vehicles Limited have announced the filing of an amended registration statement with the SEC for their proposed business combination. This deal is anticipated to close in the first half of 2023, subject to stockholder approvals. The merger, initially announced on November 22, 2022, values Zapp at a fully diluted post-transaction enterprise value of $573 million, incorporating $274 million in new cash. Key details and updates can be accessed through the SEC's website and related company links.

Zapp Electric Vehicles expands its international presence with a new Design and Technology Campus in Thailand, aimed at developing high-performance electric motorcycles. This facility complements Zapp's Customer Experience Centre and Global Training Centre in the UK and positions the company for growth in the electric two-wheeler market. The new campus leverages Thailand's automotive expertise and is pivotal for Zapp’s strategy to enhance vehicle production capabilities. Zapp's merger with CIIG Capital Partners II is expected to finalize in the first half of 2023, with shares listed under "ZAPP" on Nasdaq.

CIIG Capital Partners II, Inc. (Nasdaq: CIIG), a blank check company, and Zapp Electric Vehicles Limited have announced a proposed business combination. Zapp filed a registration statement with the SEC regarding this merger, aiming for an expected enterprise value of $573 million and $274 million in new cash. The deal is anticipated to close in the first half of 2023, pending stockholder approvals. CIIG II's units, stock, and warrants are traded under the symbols CIIG, CIIGU, and CIIGW.