Two ex-Tesla executives launch $350M SPAC IPO even as EV enthusiasm cools

  • Two former top European executives of Tesla (NASDAQ:TSLA) are launching a $350M IPO for Ascendant Mobility Acquisition Corp. I, a SPAC that will focus on electric vehicles (EVs) or other transportation-related technologies.
  • Peter Bardenfleth-Hansen and Jochen Rudat will serve as co-CEOs ofAscendant Mobility Acquisition Corp. I, which filed an S-1 with the U.S. Securities and Exchange Commission for an initial public offering.