Lightning eMotors and GigCapital3 announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming a publicly listed company on the NYSE. Upon closing of the transaction, the combined operating company will be named Lightning eMotors, Inc. and will trade under the ticker symbol ZEV.
The pro forma implied equity value of the merger is approximately $823 million.
Funding support includes a $125 million PIPE from BP Technology Ventures. Read more.
