German Electric Carmaker e.Go to List Via Athena SPAC Deal (2)

Next.e.GO Mobile SE, a German maker of compact electric vehicles, is going public through a merger with a blank-check firm to create a company valued at $913 million, including debt.

The deal will provide e.GO with about $285 million of proceeds, assuming investors don’t redeem their shares, according to a statement Thursday, confirming a Bloomberg News report. That includes $235 million from Athena Consumer Acquisition Corp. and $50 million in debt.

Proceeds from the deal with the special purpose acquisition company, or SPAC, will be used to fund operations and growth. Construction of e.GO’s second manufacturing facility, to ...