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.
SomaLogic Inc. is beginning a merger with a special purpose acquisition company that would add up to $651 million in new funding to the company’s books, and make it Colorado’s latest unicorn.
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.
Did you miss the SPAC merger news this week? Here are the top 13 stories you need to know.
Lightning eMotors, a Loveland-based developer and manufacturer of electric powertrains, is going public on the New York Stock Exchange next year.