CIIG II and Zapp Complete Business Combination
NEW YORK and LONDON, April 28, 2023 (GLOBE NEWSWIRE) — CIIG Capital Partners II, Inc. (“CIIG II”), a Delaware corporation and a former U.S. publicly-listed special purpose acquisition company, today announced the closing of its previously announced business combination (the “Business Combination”) with Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a private company limited by shares registered in England and Wales and a UK-based, high-performance two-wheel electric vehicle company. The combined company, Zapp Electric Vehicles Group Limited (“Pubco”), a Cayman Islands exempted company, will commence trading of its ordinary shares and warrants on the Nasdaq Stock Market under the ticker symbols “ZAPP” and “ZAPPW”, respectively, on May 1, 2023. The Business Combination was approved by CIIG II stockholders at a special meeting held on April 14, 2023.