Brown Gibbons Lang & Co. announced the merger of Lordstown Motors Corporation \, an original equipment manufacturer of the world’s first all-electric pickup truck serving the commercial fleet market, with DiamondPeak Holdings Corporation. The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.” The transaction is valued at over $1.6B. CEO Steve Burns, pictured, says Lordstown Motors’ electric trucks will be sold only to fleet customers initially. Read more.
BGL Announces Merger of Lordstown Motors with DiamondPeak Holdings
