Spartan Energy Acquisition gets extension of deadline for Fisker merger

Fisker

Spartan Energy Acquisition Corp. (“Spartan”) (NYSE:SPAQ), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of Apollo Global Management, Inc. (NYSE:APO), today announced that its stockholders approved an extension of the date by which it has to complete a business combination from August 14, 2020 to February 14, 2021. Spartan requested the extension in order to complete the previously announced proposed business combination (the “Fisker Transaction”) with Fisker Inc. (“Fisker”).

The Fisker Transaction is expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by Spartan’s stockholders, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions.

About Spartan Energy Acquisition Corp.

Spartan is a SPAC focused on the energy value-chain in North America and was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Energy Acquisition Sponsor LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO).

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