17
Dec
17:49
Lightning eMotors to go public with reverse merger
Loveland, Colorado, medium-duty electric vehicle producer Lightning eMotors is going public by merging with private-to-public equity firm GigCapital3, Kallanish learns from a Lightning release.
The terms of the reverse merger involve GigCapital3 acquiring Lightning eMotors - which it values at $823 million - with a $539m common stock issuance, $202m in trust account cash, and $125m from the issuance of a private investment in public equity (PIPE) transaction…
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Very good overview of the weekly steel market.
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