CarLotz Inc., the Chesterfield County-based consignment dealer of used cars, announced Friday that stockholders had given it the requisite approval to complete a proposed merger with Miami-based special purpose acquisition company Acamar Partners Acquisition Corp. that is expected to close on Jan. 22.
The merger is still subject to satisfaction of other conditions, including approval of the proposed merger by Acamar Partners stockholders at a Jan. 20 meeting.
Upon the consummation of the merger, CarLotz, which is valued at $827 million, will become a public company listed on Nasdaq under the ticker symbol LOTZ.
