It was a slow week for the SPAC market, with three deal announcements and only a couple rumored deals. There also were no new SPAC offerings during the week — unusual for a market segment that has been so hot over the last year. Benzinga’s “SPACs Attack” covered the deals and news of the week.
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.
Lightning eMotors and GigCapital3 merger vote set for April 21
Electric vehicle manufacturer Lightning eMotors, and SPAC GigCapital3 Inc. (NYSE: GIK) shareholder vote has been set for 10 a.m. on April 21, according to documents filed Monday. Shareholders will vote to approve the merger.
Lightning eMotors to go public in 2021, seeks to raise $270M
Lightning eMotors, a Loveland-based developer and manufacturer of electric powertrains, is going public on the New York Stock Exchange next year.