Transportation solutions provider Giga Energy is going public through a merger with blank-check company Yunhong International in a deal valued at up to $7.35 billion, Reuters reports.
Giga Energy said it had also secured nearly $308 million from UK-based private investor Harvest Tech Investment Management.
Formerly known as Ares Motor Works, Giga Energy aims to accelerate transition of commercial and industrial vehicles to zero emissions and plans to be headquartered in Hangzhou, China. Read more.
