SPAC Nubia Worldwide Model (NASDAQ:NUBI) plans to merge with EV battery expertise developer Honeycomb Battery.

THE Honeycomb provide values at $700 million. Honeycomb is a subsidiary of World Graphene Group, or G3.

The merger is predicted to be accomplished inside Q2 2023, shares of the mixed firm buying and selling on Nasdaq. Nubia held its IPO in March 2022, elevate $110 million.