Qell Acquisition Corporation (QELL) Quote

I believe the deal is a go? I read on 8/6/21 the deal has been signed…. Can anyone confirm this …. This would be huge for the IPO

https://www.cnbc.com/2021/08/02/lilium-electric-jet-start-up-signs-1-billion-deal-with-azul.html

KEY POINTS

- Lilium plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul.

- The two firms said on Monday that they plan to build an eVTOL (electric vehicle takeoff and landing) aircraft network across Brazil between now and 2025.

- The aviation industry is under intensifying pressure to look at new ways of powering their carriers as policymakers publicly acknowledge the necessity of transitioning to a low-carbon society.

https://lilium.com/

https://lilium.com/investors
On 30th March, 2021, Lilium announced its intention to list on Nasdaq by signing a definitive business combination agreement with Qell Acquisition Corp. a U.S. publicly listed special purpose acquisition company (Nasdaq: QELL). Qell, led by Barry Engle, a former president of General Motors North America, was created to invest in a high-growth business in the next-generation mobility, transportation or sustainable industrial technology sectors. You can find more information about the proposed transaction in the filings that have been made with the U.S. Securities and Exchange Commission by Qell. If the transaction completes, Lilium B.V. will become Lilium’s parent company and its ordinary shares are intended to trade on Nasdaq.

Great to know, thanks for your time

they are running out of decent firms to take public. I saw an article which said there will be spac's who have to refund their original funds. There is a risk to anyone holding at a cost above the original sale.

Birth of a SPAC: Ex-GM executive hunting next-gen mobility target

Qell is a $380 million shell seeking a company with which to merger

https://www.google.com/amp/s/www.freightwaves.com/news/birth-of-a-spac-ex-gm-executive-hunting-next-gen-mobility-target/amp

Why a Former GM Executive Quit to Start a Blank-Check Company
Barry Engle’s Qell Acquisition isn’t looking for the next Tesla.

Just five years after being recruited for an executive post at General Motors Co., Barry Engle in November 2019 ascended to president of the automaker’s $100 billion North American business, the company’s profit center. Then in August, not even a year in that post as one of the automaker’s top five executives, he quit.

Engle already had been pondering a move to a place where he could be a CEO. At 56, he’s just two years younger than Mary Barra and unlikely to get a crack at the chief executive job. One defining moment, he said, was the March news that clean-energy trucking startup Nikola Corp. signed a deal that would eventually raise $700 million and go public via a reverse merger with VectoIQ, the special purpose acquisition company started by former GM Vice Chairman Steve Girsky. Engle reckoned that if Nikola — which had a novel idea for hydrogen-powered semi trucks and little else — could get that much cash, then the time was right for an automotive entrepreneur to make a move.

“That Nikola deal was a watershed event for our industry,” Engle said. “Girsky showed what was possible. There is tremendous public investor appetite for growth stories in mobility.”

Engle left in August and since then has co-founded a SPAC called Qell Acquisition Corp., using his own cash and a healthy slug of money from PIMCO Investment Management, the giant investment firm with almost $2 trillion in assets. And why not? While GM has beaten market returns by a few points this year, most auto stocks have been flat or down in 2020. Meanwhile, Tesla Inc. has tripled in value this year and investors have poured cash into at least 15 EV-related startups like Nikola, Fisker Inc. and Lordstown Motors Corp. All in, blank-check firms have raised $70 billion this year.

Talent is chasing growth, too. In addition to Engle , GM has seen a handful of other top executives head off for the lure of a big payout. Last year GM’s former Vice President of Global Strategy Mike Ableson left for EV startup Arrival Ltd., Chief Finance Officer Dhivya Suyradevara quit to go to financial technology startup Stripe, and Alicia Boler David left the Detroit automaker as head of manufacturing to become Vice President Global Customer Fulfillment for Amazon.com Inc., which has its own electric and autonomous vehicle ambitions.

If Engle was inspired by the Nikola deal, he also sees lessons in it. VectoIQ and the other SPACs have raised investor cash and snapped up stakes in electric-vehicle startups at a dizzying pace as they try to find the next Tesla. Nikola may yet come good, but the ouster of its founder Trevor Milton amid fraud claims has been a reset for the company. To Engle, it shows the risk of making a bet that pays or fails on the success of one EV company.

Instead, Engle is looking to acquire a company that will profit off the rapid changes happening in transportation no matter which company wins the EV or even self-driving game. He is looking at companies that can supply charging network hardware or services, or software and data collection for electric or self-driving vehicles.

“If this is a gold rush, you can stake your claim and hope you get lucky and find a nugget,” Engle said. “We want to sell the picks and shovels.”

He sees opportunities in autonomous technology, telematics and infotainment. Power sports and motorcycles are just being electrified, which also present early opportunities. There is less competition, so plug-in bikes that serve Asia could be a strong play, he said. There are also emerging companies that will build small electric aircraft for short-haul flights or to ferry people in congested cities.

“It’s amazing how much is happening in mobility and investors are rightfully excited about that,” Engle said. “Stand-alone, EV companies are the poster child for that opportunity. We believe that view is overly simplistic.”

Part of Engle’s attraction to a SPAC is that he has been at young, developing companies before. He ran Ford Motor Co.’s businesses in Brazil and Canada and then left to be CEO of New Holland Agricultural Equipment for CNH Industrial NV in 2008. After working long hours in the corporate world, he left in 2010 for Think Holdings, an EV startup that went bankrupt after Engle left. He said the company was ahead of its time trying to sell plug-ins before consumers were ready. Many EV startups from the 2000s went bust, with Tesla being a rare survivor.

Then Engle ran Agility Fuel Systems as CEO. Agility makes hydrogen and natural gas burning systems for heavy-duty trucks, giving them diesel power but cleaner emissions. While he was there, Engle got the company a deal with Cummins Inc., which makes engines for the trucking industry, to help make its own clean propulsion systems more efficient. Cummins also took a stake in Agility. That’s where Engle met Qell co-founder Sam Gabbita, who was a managing director at Element Partners, which owned a piece of Agility, and later ran the San Francisco office of OGCI Climate Investments, a $1 billion clean energy investment fund. Gabbita is now chief finance officer at Qell.

Engle said Qell will consider companies with no revenue, but he prefers “real companies that have a product and revenue or are soon to be bringing in revenue.”

Some of the previous SPAC deals have been for companies with a good story, but an unclear path to make the startup a money-making reality. Nikola is pushing to develop hydrogen fuel cell semi-trailer trucks, but canceled plans for an electric pickup and has no revenue yet. Fisker is expected to raise $1 billion from its merger with SPAC Spartan Energy Acquisition Corp., but only recently found a battery supplier for its planned Ocean electric SUV. SPAC-backed Lordstown Motors Corp. also has no revenue.

Those acquisitions are taking on the kind of risk that public markets used to shun, said Richard Spitzer, managing partner of venture capital fund Escavel Capital and former head of Accenture’s automotive practice. They are stepping into a world that venture capital funds have managed and are more experienced at evaluating.

“If the money that gets raised is applied to emerging growth companies that have a revenue stream and a line of sight toward significant growth, they have a better chance,” Spitzer said. “If SPACs have no track record of putting money into an early-stage company, I’m skeptical. Engle has been in that world and knows it.”


https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-12-19/why-a-former-gm-executive-quit-to-start-a-blank-check-company

Heating up

I haven't hear anything.
I actually sold my last possition in this yesterday. I had 2 spac holding which had not secured a target.
Time is running out so I took my profits no sence risking a loss. these plays have a alot of risk when no target. I was in warrants those trade thin aand takes time to get your price
gltu

I haven't hear anything.
I actually sold my last possition in this yesterday. I had 2 spac holding which had not secured a target.
Time is running out so I took my profits no sence risking a loss. these plays have a alot of risk when no target. I was in warrants those trade thin aand takes time to get your price
gltu

Hearing anything lately? Agility fuel solutions? Was here for proterra originally but ACTC stole that possibilty! https://agilityfuelsolutions.com/

someone doesn't like you they shut that boaard down before I could get to it
This is date day. Wife and I go shopping (have to protect my $$'s not really just something I tell the guys)
we live in a samll town. Can't get some of the brands we like so hit a couple differen grocery storess USe to do a movie but they are closed week days. Then a nice restaurant. So leaving home early.
Good luck to you

check out peck and its warrant its jumping have aa signed up target

Have a happy and prosperus 2021

when was Qell first organized

I bit the bullet on your recon afer examining the target company I thought it looked like a decent long term hold so will look to get some free shares and do the flip.

All I can find is the busses. Looks like 3 locations for manufacturing included in CA
SOme of these SPAC firms are bringing in companies which will be profitable withing 12 to 18 months.
Look at Charge Point. With the trend to electric vehicals expanding the need for chatging stations
will be enormous. I look for these to be placed in current gas stations. BP and Shell already plan to do so. Next will be rest stops. Will the demand for elctricity cause an increase in solor rays and windt tturbines I alread have a nice position in QELL esp the warrants You are right as soon as they anounce the target this can double. warrants triple or quadruple.

All I can find is the busses. Looks like 3 locations for manufacturing included in CA
SOme of these SPAC firms are bringing in companies which will be profitable withing 12 to 18 months.
Look at Charge Point. With the trend to electric vehicals expanding the need for chatging stations
will be enormous. I look for these to be placed in current gas stations. BP and Shell already plan to do so. Next will be rest stops. Will the demand for elctricity cause an increase in solor rays and windt tturbines I alread have a nice position in QELL esp the warrants You are right as soon as they anounce the target this can double. warrants triple or quadruple.

so they alrady have sales and income, but are they close to being prfitable?

Electric buses. They are going public through a SPAC very soon. I personally think it’s QELL given a few connections to the industry and Proterra as a company. With Proterra’s current 1.2B evaluation this could be a quick double up..

what is Proterra

With Ryan Popple stepping down from CEO of Proterra and becoming an executive Director, while joining QELL board... seems like an obvious Proterra reverse merger. Anyone know if there is any red tape SEC wise where Ryan can advise both boards for a reverse merger?

Merry Christmas belated Hanukkah
sorry for double post my tremor did it tough to be old
little thing get you

Merry Christmas belated Hanukkah

Heating up

new spac warrants today / not qell go to new one

it broke out
now take a look at cfii yes they have warrants
lookat xrys post very informative.
What do you think of the product? Have you seen any of this yet being in Real Esatte?

the only positive I see with this stock is on an 8/21 chart today its breaking out. So I guess I'll stick a couple toes in thanks for calling attention as charts usually prove out.

kodak moment

buy kodak

Qelll is seeking to invest in a high growth business in the bext generation mobility,trsnsportaion or sustanible industryial technology sectaor.
As near as I can find it originated in Sept. 2020. IF so they have 21 months to complete an acquisiiton.
There is at least one oother SPAC I am in which has a merger in process but is weeks away fro finaliztion.
Keep in mind they firts begin with a letter of intent.
When Qell anounces its target this could pop and the warrnts make a big % mpve up.Stay tuned

What is Qell setting up for?

OK thanks I do have a few of these

QELL guys