Tevva failed to merge with ElectraMeccanica.

Tevva, a technology company and truck manufacturer, failed to merge with ElectraMeccanica, a designer and assembler of electric vehicles. Financial terms were not disclosed. The Tevva team was deeply disappointed by this abrupt decision and had no opportunity to respond to ElectraMeccanica's claims before they went public. Tevva gave full and open access at every point in the process to ElectraMeccanica's advisors and management, with full financial due diligence prior to signing the definitive agreement and senior members of the ElectraMeccanica executive team in residence for many weeks at Tevva's UK facility.