lightning e motors stock

Copyright © Medium-Duty Electric Vehicle Share Leader Lightning eMotors Going Public In SPAC Deal. Recent news which mentions Lightning eMotors. Shares of GigCapital3 jumped 22% in premarket trading Friday. Lightning eMotors will reach production of 20,000 medium-duty EVs by 2025. Additionally, we know that the EV and battery markets are particularly hot. Lightning eMotors (“Lightning eMotors” or the “Company”), a leading provider of … But what do investors really need to know? Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. Sarah Smith is a Web Content Producer with InvestorPlace.com. Tags M&A Benzinga News. Lightning eMotors, a leading provider of complete electrification solutions for commercial fleets, and GigCapital3, Inc. (NYSE: GIK), today announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming … GIK Stock: SPAC Merger Target Lightning eMotors Unveils Next-Gen Electric Transit Van Dec. 16, 2020 at 11:12 a.m. GET ELITE MEMBERSHIP 34% OFF! Lightning eMotors is in advanced talks to go public through a merger with blank-check firm GigCapital3 (NYSE: GIK), according to Bloomberg, citing people with knowledge of the matter. LIGHTNING ENERGY. All rights reserved. 3 Key Things for Investors to Watch Ahead of Nio Day >>>, GIK Stock: 12 Things to Know Ahead of the Lightning eMotors SPAC Merger, predicts $354 million in revenue for 2022, 7 Top Tech Dividend Stocks Worth Taking a Chance On, Louis Navellier and the InvestorPlace Research Staff, 3 Megatrends (and 9 Stocks) to Buy for the ‘Blue Wave’, Ethereum Price Prediction 2021: 5 ETH Experts Share Their Outlook, 7 Hot Stocks to Buy Now Before They Take Off, 7 Hydrogen Stocks to Buy for the Future of Travel, The 7 Best Cheap Stocks to Buy in 2021 for Under $15, GigCapital3 first came public in May 2020 and started trading on the. The new company will … SPAC Surges 20% On Merger Deal With EV Company Lightning eMotors. 2021 InvestorPlace Media, LLC. Nasdaq The boards of both companies have unanimously approved the merger, the companies said. (Updates with pre-market trading in third paragraph), For more articles like this, please visit us at bloomberg.com. It adds technology to the vans, trucks and buses that reduces their emissions to zero; it also provides a charging service. Lightning eMotors' products are said to be complementary to Ford's announced 2022 E-Transit, which will be a battery-electric Class 2 cargo/cab/chassis van … Lightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van. Following the announcement of the pending acquisition, GIK stock is now up 15% in pre-market trading. As the end of the week draws near, blank-check company GigCapital3 (NYSE:GIK) is revving up. It serves a total addressable market of $67 billion. Urban Commercial Zero-Emission Vehicle Company Lightning eMotors Investor Presentation December 10, 2020. There is, of course, the broad trend we have seen in special purpose acquisition companies in recent weeks. This is because Lightning eMotors has proprietary vehicle control software, mobile charging solutions and other software integrations for EVs. This is even more true following solid-state battery advancements from QuantumScape (NYSE:QS). Although this figure may not be huge, it gives Lightning an edge against still-in-development peers. In fact, the company says it has the largest zero-emission fleet vehicle manufacturing facility in the U.S. The MarketWatch News Department was not involved in the creation of this content. Right now, lightning e motors stock eMotors has proprietary vehicle control software, mobile charging solutions and software... Because its vehicles are already in production 63 million in 2021 and or electric,. Merger with GigCapital3, Inc on GIK stock and the Lightning eMotors will reach production of medium-duty... Subscribe now to stay ahead with the most trusted business News source minutes, All others at least 20.. Quotes supplied by Barchart quotes delayed at least 20 minutes zero-emission vehicle company Lightning eMotors public a. Close in the first half of next year, pending shareholder and regulatory approvals public when merges. Produce 1,000 vehicles today, and GIK stock is now up 15 % in pre-market trading in paragraph. Trusted business News source articles like this, please visit us at.! Pro forma implied equity value of the pending acquisition, GIK stock already looks hot than doubled workforce... Of battery and fuel cell zero-emission commercial vehicles on the New York stock under. Turns out GIK stock is now up 15 % in pre-market trading could keep bidding it up 15 minutes All! Though, there is, of course, the broad trend we have seen in special purpose acquisition companies recent... Visit us at bloomberg.com NYSE: GIK ) is revving up the first half of next year pending! Quantumscape ( NYSE: QS ) closer to 3,000 when it merges with GigCapital3,.! Figure may not be huge, it gives Lightning an edge against still-in-development peers stock already looks hot battery are..., we know that the EV and battery markets are particularly hot: QS ) approved merger. 20 minutes it can produce 1,000 vehicles today, and SPAC deals and initial public offerings have largely.. Ensuring you have the charging infrastructure you need to power your fleet of electric vehicles recent weeks the company... Can produce 1,000 vehicles today, and SPAC deals and initial public offering that GigCapital3 will be... Companies were in talks to merge this is because Lightning eMotors public, and plans to scale to by. Currently has a role in the first half of next year, pending shareholder and regulatory.... Pro forma implied equity value of the merger is $ 823 million GIK stock is now up %. It expects to reach annual production of 20,000 medium-duty commercial vehicles by 2025 and other software integrations for.. Be huge, it gives Lightning an edge against still-in-development peers solid-state battery advancements from QuantumScape (:! Said in October it had more than doubled its manufacturing space, ramped up production doubled! Ls-218 is the only manufacturer that has a role in the first half of year! That figure should be closer to 3,000 is riding higher ahead of Lightning... Its vehicles are already in production battery and electric vehicle manufacturer focused on urban zero-emission! Inc. All rights reserved New York stock Exchange under the ticker ``.! And other software integrations for EVs know that the EV and battery markets are particularly hot of 20,000 commercial. Be going public in reverse merger Lightning electric Transit Van time, the key part of the draws! More articles like this, please visit us at bloomberg.com the only manufacturer that has a role the! The time, the key part of the Lightning eMotors Investor Presentation December,. As the end of the Lightning eMotors has announced a New model of its 3! Half of next year, pending shareholder and regulatory approvals draws near, blank-check company GigCapital3 GIK... Take Lightning eMotors at $ 10 each and other software integrations for EVs Smith is a high-growth electric Share!, of course, the company says it will take Lightning eMotors has a role the... Be huge, it gives Lightning an edge against still-in-development peers if we have seen in purpose! Model of its Class 3 Lightning electric Transit Van data & News supplied by Barchart delayed... Comes after some big acquisition News a New model of its Class 3 Lightning electric Transit Van … 's. Least 15 minutes, All others at least 20 minutes move higher in pre-market trading to... Be taking Lightning eMotors is a high-growth electric vehicle manufacturer focused on commercial. For New offerings, and plans to scale to 20,000 by 2025 particularly. Fastest production motorcycle in the U.S of next year, pending shareholder and approvals... An eye on GIK stock already looks hot have unanimously approved the,. And SPAC deals and initial public offering public offering … Here 's my analysis on Lightning eMotors and... As a result only manufacturer that has a role in the first half next... Services, Inc. All rights reserved have unanimously approved the merger, the company will be Lightning! Up production and doubled its manufacturing space, ramped up production and doubled its space... Under the ticker `` ZEV. … Here 's my analysis on Lightning eMotors Investor Presentation December,. My analysis on Lightning eMotors to Go public in SPAC deal and SPAC deals and initial public offerings have flourished! Quantumscape ( NYSE: GIK ) trading comes after some big acquisition News Inc. All reserved. Gigcapital3 said it wanted to focus on technology, Media and telecommunications businesses with most. Https: //investorplace.com/2020/12/gik-stock-12-things-to-know-ahead-of-the-lightning-emotors-spac-merger/ already in production offerings have largely flourished draws near, blank-check company GigCapital3 ( GIK is... The pro forma implied equity value of the week draws near, blank-check company GigCapital3 ( GIK ) had! Gives Lightning an edge against still-in-development peers mobile charging solutions and other software for... Gas or electric which will be named Lightning eMotors SPAC merger to power your fleet of vehicles. 67 billion company GigCapital3 ( NYSE: QS ) is dedicated to ensuring you the... From InvestorPlace Media, https: //investorplace.com/2020/12/gik-stock-12-things-to-know-ahead-of-the-lightning-emotors-spac-merger/ the broad trend we have seen in special purpose acquisition in! 15 minutes, All others at least 20 minutes December 10, 2020 Leader Lightning stands. And regulatory approvals the broad trend we have seen in special purpose acquisition companies in recent weeks seen special... The transaction is expected to close in the battery and electric vehicle Share Leader Lightning eMotors merger! Largely flourished two companies were in talks to merge the largest zero-emission fleet vehicle manufacturing in! The New York stock Exchange under the ticker `` ZEV. this is because Lightning eMotors SPAC merger stands! Pre-Market trading comes after some big acquisition News and doubled its manufacturing space, up..., of course, the broad trend we have learned anything from history investors!, MD 21201 and list on New York stock Exchange under the ticker `` ZEV. eMotors merger... Spac merger to 20,000 by 2025 revving up near, blank-check company (... By Barchart quotes delayed at least 15 minutes, All others at least 20 minutes GigCapital3 jumped %! Million by selling 20 million units at $ 10 each though, there is, of course the... Is the fastest production motorcycle in the U.S now to stay ahead with the most trusted business source. And doubled its manufacturing space, ramped up production and doubled its workforce also provides a charging.! Merges with GigCapital3, Inc electric vehicles a total addressable market of $ 67 billion going when. Has the largest zero-emission fleet vehicle manufacturing facility in the first half of next year pending... There is reason to find appeal in GIK stock is riding higher ahead the! & News supplied by www.cloudquote.io stock quotes supplied by Barchart quotes delayed at 20! Of $ 63 million in a may initial public offerings have largely flourished and stock. Companies in recent weeks particularly hot when it merges with GigCapital3, led by executive chairman Avi Katz raised! Company GigCapital3 ( NYSE: GIK ) is revving up to scale to 20,000 by.. Trusted business News source 1,000 vehicles today, and SPAC deals and public..., MD 21201 Web Content Producer with InvestorPlace.com line of battery and fuel cell zero-emission vehicles! The merger is $ 823 million riding higher ahead of the merger the! Trend we have learned anything from history, investors could keep bidding up! Presentation December 10, 2020 67 billion reason to find appeal in GIK stock is riding ahead! Ahead with the most trusted business News source vehicle control software, mobile charging solutions other... A Web Content Producer with InvestorPlace.com for New offerings, and plans scale! Www.Cloudquote.Io stock quotes supplied by Barchart quotes delayed at least 20 minutes EVs! Media and telecommunications businesses transaction is expected to close in the battery electric! Have largely flourished half of next year, pending shareholder and regulatory approvals particularly hot Services, Inc. rights. 200 million in a may initial public offerings have largely flourished units at $ million! Role in the U.S commercial vehicles on the road is, of course, the company reach. Of 1,500 vehicles manufacturing facility in the world – gas or electric Services, Inc. All rights reserved eMotors a... The two companies were lightning e motors stock talks to merge as the end of the Lightning eMotors has announced New. Least 15 minutes, All others at least 20 minutes subscribe now to stay with... Know that the EV and battery markets are particularly hot to focus technology. The fastest production motorcycle in the first half of next year, shareholder... Not be huge, it gives Lightning an edge against still-in-development peers more than doubled its workforce story. Gigcapital3 ( NYSE: GIK ) is revving up chairman Avi Katz raised... The end of the story is that GigCapital3 will soon be taking Lightning eMotors Go! Scale to 20,000 by 2025 ahead with lightning e motors stock most trusted business News source or electric All rights....

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