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 (NYSE:GIK) advanced 17% as the shareholder vote for the company’s merger with electric vehicle company Lightning eMotors took place earlier today.
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, a Loveland-based developer and manufacturer of electric powertrains, is going public on the New York Stock Exchange next year.