Nov 24 (Reuters) - Swedish self-driving truck company
Einride on Monday named outsider Anubhav Verma as its chief
financial officer, ahead of its expected public listing in the
U.S. early next year.
Verma has been the CFO of sensor manufacturer MicroVision ( MVIS )
since 2021. Prior to that, he was senior vice president
of finance at business software provider Exela Technologies ( XELA )
, where he led a $2.8 billion SPAC reverse merger.
"Anubhav's experience in leading a multi-billion-dollar SPAC
combination and cross-border expansion in automotive and
industrial sectors directly aligns with our growth strategy as
we prepare to make our public market debut," Einride CEO Roozbeh
Charli said.
Einride said earlier this month it would list in the U.S.
through a merger with blank-check firm Legato Merger Corp III ( LEGT )
, in a deal valuing the company at $1.8 billion.
A SPAC, or special purpose acquisition company, is a shell
firm that raises money through an IPO to merge with a private
business and take it public, providing a quicker route to market
than a traditional IPO.