Posted by. Merger Vote! Pursuant to the business combination, GigCapital3 will acquire Lightning eMotors through a reverse merger. GIK, Lightning eMotors looking good. LOVELAND--Lightning eMotors and GigCapital3, Inc. (NYSE: GIK), announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming a … The GigCapital3–Lightning eMotors merger date GigCapital3 SPAC shareholders voted to approve the merger on Apr. Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc NYSEGIK under … Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc ( GIK ) under a definitive agreement announced Thursday. 164. documents---0.048376083374023. Pursuant to the business combination, GigCapital3 will acquire Lightning eMotors through a reverse merger. To learn more about the GIK investigation and your rights, go to: Key highlights of the GIK and Lightning eMotors merger The GIK-Lightning eMotors deal implies a pro forma enterprise value of $651 million. Lightning eMotors is the only operator with a full range of Class 3-7 battery-electric and fuel cell electric vehicles in production today, addressing the large and growing fleet electrification market. GIK Stock: 12 Things to Know Ahead of the Lightning eMotors SPAC Merger To start, the key part of the story is that GigCapital3 will soon be taking Lightning eMotors public via a reverse merger. GigCapital3, Inc. (NYSE:GIK) announced in an 8-K filing that its shareholders have approved its business combination with with Lightning eMotors at its special meeting held yesterday, April 21, 2021. In the run-up to this merger, the company recently filed an … Source: Romeo investor presentation I did not know anything about Lightning at that time, so I decided to take a look at their website, and what I found seriously impressed me. GIK/Lightning eMotors Merger Vote Date Set for April 21. Lightning eMotors to List on New York Stock Exchange Through Merger with GigCapital3 (GIK) Article Related Press Releases ( 1 ) Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! GigCapital3, Inc. (NYSE:GIK) Merger Announcement: December 13, 2020 Transaction Details: GigCapital3 will acquire Lightning eMotors through a reverse merger. The … Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc GIK 7.02% under a definitive agreement announced Thursday. What Happened: The SPAC's shares surged 20.6% after-hours at $15.2 after the announcement of the deal. They had investmentsfrom BP Ventures and were fitting Ford trucks with their EV technology. DD. The business combination values Lightning eMotors at approximately $823 million pro forma equity value, at $10.00 per share. GigCapital3 (NYSE: GIK) is seeing shares move higher ahead of its announced move to bring Lightning eMotors public. This SPAC merger is highly anticipated. Lightning says it is the only manufacturer that has a full line of battery and fuel cell zero-emission … I first learned about Lightning when I was doing research on a battery EV SPAC called Romeo Power (RMO). Approximately 29% of its outstanding shares elected to redeem leaving $143 million in trust, down … Contributor. The transaction values Lightning eMotors as a professional forma fairness worth of $823 million. LOVELAND — The shareholder vote to take public commercial electric vehicle manufacturer Lightning eMotors via the special-purpose acquisition company GigCapital3 Inc. (NYSE: GIK) has been set for 10 a.m., April 21, according to documents filed Monday with the U.S. Securities and Exchange Commission. GIK/Lightning eMotors Merger Vote Date Set for April 21. LOVELAND — Lightning eMotors has completed its merger with Palo Alto, California, based GigCapital3 Inc. and will begin trading on the New York Stock Exchange Friday. If you've never heard of Lightning eMotors -- or GigCapital3 for that matter -- don't be embarrassed. GigCapital3, Inc. (NYSE:GIK) Merger Announcement: December 13, 2020 Transaction Details: GigCapital3 will acquire Lightning eMotors through a reverse merger. The business combination values Lightning eMotors at approximately $823 million pro forma equity value, at $10.00 per share. Under the terms of the merger agreement, GIK will acquire Lightning eMotors through a reverse merger that will result in Lightning eMotors becoming a public company traded on … Fast forward to today - Lightning announcedin De… So what. Norton1973: 04/21/21 12:18:53 PM #192 GIK, Lightning eMotors, Lightning News / Lightning eMotors: Norton1973: 04/20/21 04:00:57 PM #191 Feeling good about this stock/company. Close. Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc (NYSE: GIK) under a … The combined company has changed its name to Lightning eMotors, and its stock will begin trading under the ticker symbol “ZEV,” with warrants trading under the symbol “ZEV.WS.” The deal was first announced in … Lightning eMotors (NYSE:GIK) ... With 82.30 million shares expected to be outstanding once the merger closes, Lightning's current market capitalization stands at … SPAC.observer GIK Merger Vote Date according to SEC proxy filings and other GigCapital3, Inc information - Target: Lightning eMotors Lightning eMotors is in advanced talks to go public through a merger with blank-check firm GigCapital3 (NYSE: GIK ), according to Bloomberg, citing people with … The electric vehicle space is heating up on the public markets. Tim Reeser, Co-founder and CEO of Lightning eMotors and Dr. Raluca Dinu, founding managing partner of GigCapital Global and board member of GigCapital3, joined Cheddar to discuss. Friday December 11, 2020 0 comments Tags: Loveland, Lightning eMotors, GigCapital3, Tim Reeser. Current SPAC holdings disclosure: Lightning eMotors, Inc is primarely in the business of motor vehicles & passenger car bodies. The business combination values Lightning eMotors at approximately $823 million pro forma equity value, at $10.00 per share. Overview. Lightning eMotors to list on New York Stock Exchange in merger with GigCapital3. 1 month ago. HCAC/GOEV $10 to $18. To start, the key part of the story is that GigCapital3 will soon be taking Lightning eMotors public via a reverse merger. Because Lightning eMotors has a role in the battery and electric vehicle market, GIK stock already looks hot. With that in mind, here are 12 things to know about GIK stock and the Lightning eMotors SPAC merger: What Happened: The SPAC's shares surged 20.6% after-hours at $15.2 after the announcement of the deal. The GIK-Lightning eMotors deal implies a pro forma enterprise value of $651 million. After the transaction closes, existing Lightning eMotors securities holders would receive 65.5 percent of the pro forma equity. The transaction will be funded by a combination of: As this is my first DD post I feel it is necessary to share my SPAC performance history: DEAC/DKNG $13 to $41. The business combination values Lightning eMotors at approximately $823 million pro forma equity value, at $10.00 per share. GIK/Lightning eMotors. As stated earlier, Lightning eMotors is slated to go public by merging with the SPAC GigCapital3 in Q1 2021. Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc (NYSE: GIK) under a definitive agreement announced Thursday. GigCapital3 (NYSE: GIK) is seeing shares move higher ahead of its announced move to bring Lightning eMotors public. Lightning eMotors, a company that electrifies commercial-vehicle fleets, has agreed to go public through a merger with GigCapital3 Inc., a blank-check company. Romeo Power's 2nd largest customer was Lightning, with over $60mil in battery orders. The corporate’s merger with GigCapital3 is predicted to shut within the second quarter, at which level the ticker image will change to “ZEV.” Till then, buyers can successfully personal the corporate when buying GigCapital3 (Nasdaq: GIK). This SPAC merger is highly anticipated. For financial reporting, their fiscal year ends on December 31st. GIK stock sees the potential in innovative penetration of the electric-vehicle producer (Lightning eMotors) into the EV market despite it becoming concentrated and increasingly competitive. Where shareholders and enthusiasts of $GIK (GigCapital3) can discuss and share news about the merger with Lightning eMotors. 21, but haven’t yet set a date for the combination. While only 56% of shares participated in the vote, 98% voted in favor of the combination. To learn more about the GIK investigation and your rights, go to: An earlier SPAC, GigCapital Inc., merged with Kaleyra SpA in a deal that took the software company public. A deal between GigCapital3 and Lightning eMotors would follow the pending merger of Pivotal Investment Corp. II and XL Fleet, another company that specializes in fleet electrification. The company’s merger with GigCapital3 is expected to close in the second quarter, at which point the ticker symbol will change to “ZEV.” Until then, investors can effectively own the company when purchasing GigCapital3 (Nasdaq: GIK). Friday, December 11, 2020 4:04 AM EST. PIC/XL $11 to $19. DPHC/RIDE $12 to $20. Because Lightning eMotors has a role in the battery and electric vehicle market, GIK stock already looks hot. Today I give a small update on Gigcapital3 stock or GIK stock. The transaction values Lightning eMotors as a pro forma equity value of $823 million. Under the terms of the merger agreement, GIK will acquire Lightning eMotors through a reverse merger that will result in Lightning eMotors becoming a publicly traded company. ... Do spacs usually go up after merger vote or is it the news of the vote that … The SPAC boom continues. The business combination values Lightning eMotors at approximately $823 million pro forma equity value, at $10.00 per share. Lightning e-Motors has entered an agreement with Gig Capital 3 to become a publicly listed company on the New York Stock Exchange. Lightning eMotors, Inc. is regulated by the U.S. Security and Exchange Commission . Lightning eMotors is a high-growth electric vehicle manufacturer focused on urban commercial zero-emission vehicles. Ticker: GIK. December 10, 2020 Lightning eMotors, a leading provider of complete electrification solutions for commercial fleets, and GigCapital3, Inc. (NYSE: GIK), today announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming a publicly listed company. Pursuant to the business combination, GigCapital3 will acquire Lightning eMotors through a reverse merger. May 7, 2021 at 7:30 a.m. LOVELAND — Lightning eMotors has completed its merger with Palo Alto, California, based GigCapital3 Inc. and will begin trading on the New York Stock Exchange Friday.