SPAC GigCapital3 gains as holder vote for Lightning eMotors was earlier today

SPAC GigCapital3 (NYSE:GIK) advanced 17% as the shareholder vote for the company’s merger with electric vehicle company Lightning eMotors took place earlier today.

GigCapital3 didn’t immediately respond to request for comment on the results of the vote.

GigCapital dropped 23% over the previous 3 days as the stock began to trade ex-redemption. 

Electric vehicle stocks across the board were up today after a couple of softer sessions with stocks such as Arrival (NASDAQ:ARVL), Fisker (NYSE:FSR) and Greenpower Motor (NASDAQ:GP) all climbing.

Of special interest to the EV world, U.S. Special Presidential Envoy for Climate says Chinese President Xi Jinping is set to make an announcement on how China will address emissions during his appearance at President Biden’s climate summit.

Source: Seeking Alpha – SPAC GigCapital3 gained as holder vote for Lightning eMotors was earlier today