GigCapital3 in an 8-K filing today said stockholders voted in favor of its proposed merger with Lightning eMotors.
The SPAC also announced that it had received elections to redeem 29 percent of its outstanding shares, which would leave approximately $143 million in the trust account. After the redemptions and prior to payment of transaction expenses, the combined company expects to receive approximately $268 million in gross proceeds, including a $125 million PIPE anchored by BP Technology Ventures.
Lightning eMotors designs zero-emission fleet vehicles. Read more.
