Zapp Electric Vehicles Group Ltd. has completed a significant business combination with CIIG Capital Partners II, Inc., as detailed in the Merger Agreement dated November 22, 2022. This transaction involved the shareholders of Zapp Electric Vehicles Limited, a private company registered in England and Wales, exchanging their ordinary shares for shares in Zapp EV. Following this exchange, a merger occurred between Zapp Electric Vehicles, Inc., a wholly owned subsidiary of Zapp EV, and CIIG II, resulting in CIIG II being the surviving corporation. This development marks a key milestone for Zapp EV as it continues its strategic growth in the electric vehicle industry.
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