COVA Acquisition Corp.

Merged
CIK: 1837160•Ticker: COVA•Merged Ticker: ECX
Successfully merged with ECARX Holdings Inc. • Now trading as ECX

SPAC Overview

$261M
IPO Size
$302M
Trust (as of 2022-09-30)
Completed
Current Status
2021
IPO Year

Timeline Progress

About

COVA Acquisition Corp. is a blank-check company seeking to combine with an unidentified business. It intends to focus on high-growth technology and tech-enabled businesses in Southeast Asia, particularly consumer internet, ecommerce, and software.

Investment Focus

Consumer, E-commerce, Software, Technology

Geographic Focus

Southeast Asia

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Extended Team Information

The team is led by Jun Hong Heng, founder and Chief Investment Officer of Crescent Cove, with experience investing in high-growth technology ventures and Asia. K.V. Dhillon brings over 25 years of investment-industry experience; the other nominees have backgrounds in technology, media, healthcare, investment, and entrepreneurship.

Stock Performance

ECX
Trading Symbol
First Trade
March 31, 2021
$10.00
At Merger
December 22, 2022
$9.00
-10%
6 Months Post-Merger
June 22, 2023
$7.69
-15%
1 Year Post-Merger
December 22, 2023
$2.62
-71%
2 Years Post-Merger
December 20, 2024
$1.93
-79%
Current Price
October 2, 2026
$0.86
-91%

Key Information

IPO Date
February 8, 2021
State of Incorporation
E9
SIC
6770
Completion Date
December 20, 2022
Merger Target
ECARX Holdings Inc.
SPAC Ticker
COVA
Merged Ticker
ECX