Please help one this / why CIIG is valued 750M ?

Arrival confirms that it entered into a definitive business combination agreement with CIIG Merger Corp. (NASDAQ:CIIC) in a SPAC deal. and the newly combined company will be listed on the NASDAQ under the new ticker symbol ARVL.
The transaction values the combined company at an enterprise value of $5.4B and is expected to provide gross cash proceeds of around $660M to the company. As part of the transaction, CIIG raised a $400M fully committed common stock PIPE that was anchored by Fidelity, Wellington Management, BNP Paribas Asset Management Energy Transition Fund and funds/accounts managed by BlackRock

Can you please tell me why CIIG is currently trading at 750m USD while the reverse merger with Arrival will value it at 5 bn USD ?

I guess CIIG will absorbe Arrival and change its name to ARVL , correct

Do you have any idea? as if the combined value will be 5 bn the share will do 5 fold at least

Someone knows the terms of this reverse merge and the ratio of exchange of shares ?

Much appreciated

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.