Used Car Consignment 💋 CarLotz Nears Deal To Stock Market Via SPAC ACAM Acamar Luxury

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ACAM Carlotz
adminnOctober 22, 2020

Our sector focus is on the consumer and retail sectors including but not limited to: travel retail, luxury, fashion, lifestyle, leisure and entertainment, food and beverage, restaurants, beauty and consumer branded products and services.

Domenico De Sole (Former CEO Gucci, Co-founder Tom Ford), Jim Skinner (Fossil), Juan Carlos Torres (Dufry)

https://www.acamarpartners.com/

https://www.reuters.com/article/acamar-partners-ma-carlotz/exclusive-used-car-consignment-store-carlotz-nears-deal-to-go-public-sources-idUSL8N2H75N3

EXCLUSIVE-Used car consignment store CarLotz nears deal to go public -sources

By Joshua Franklin

3 Min Read

NEW YORK, Oct 21 (Reuters) – CarLotz Inc, a U.S. consignment store for used vehicles, is nearing a deal to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp at a valuation of close to $830 million, including debt, people familiar with the matter said on Wednesday.

The deal would make CarLotz the third major U.S. online car seller to go public this year, following in the trails of Vroom Inc and Shift Technologies Inc, as online vehicle sales boom during the coronavirus pandemic powered by consumers seeking to practice social distancing.

An agreement could be announced as soon as Thursday, the sources said, requesting anonymity because the matter is confidential. CarLotz and Acamar declined to comment.

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