In connection with the proposed business combination, GigCapital3 intends to file with the SEC a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of GigCapital3, and after the registration statement is declared effective, GigCapital3 will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders. Tesla (TSLA) Find the latest LIGHTING SCIENCE GROUP CORP (LSCG) stock quote, history, news and other vital information to help you with your stock trading and investing. GigCapital was launched in 2017 with the vision of becoming the lead franchise in incepting and developing TMT Private-to-Public Equity (PPE) companies. Additional Information and Where to Find It. Working closely with our customers, we help them identify their unique commercial electric vehicle, charging, and grant support needs. //b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js"; Following the transaction and after the payment of transaction expenses, Lightning eMotors is expected to add over $270 million of cash to its balance sheet. 12/11/20. To listen to the webcast, go to https://lightningemotors.com. The combined company will be led by Mr. Tim Reeser, who has founded and managed multiple technology and cleantech companies; Mr. Bill Kelley, Lightning eMotors’ chief technology officer and chief operating officer, an automotive industry veteran with more than 35 years of automotive engineering and manufacturing experience at Borg Warner; and Ms. Teresa Covington, who will be its chief financial officer and who has 25 years of public company finance experience at automotive, defense and aerospace companies. Assuming no redemptions of GigCapital3 shares, the current holders of Lightning eMotors securities will hold approximately 66% of the issued and outstanding shares of common stock immediately following the close of the transaction. Lightning eMotors is a high-growth electric vehicle manufacturer focused on urban commercial zero-emission vehicles. Our years of expertise with fleets and our deep understanding of commercial EVs means that we can plan and deploy the best and most cost-effective charging solution for your needs. Great prices, quality service, financing and shipping options may be available,We Finance Bad Credit No Credit. Daily thousands of new images Completely Free to Use High-quality videos and images from Pexels Deal is expected to generate gross proceeds of $125 million, Shares of GigCapital3 SPAC soar in pre-market trading. The boards of directors of both Lightning eMotors and GigCapital3 have unanimously approved the proposed business combination, which is expected to be completed in the first half of 2021, subject to, among other things, the approval by GigCapital3’s stockholders, satisfaction of the conditions stated in the definitive agreement, including regulatory approvals, and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission (the “SEC”). Overview. According to the consensus opinion of 19 polled analysts, the General Motors electric car shares deserve a “buy” rating. LOVELAND — Lightning eMotors, a Loveland-based developer and manufacturer of electric powertrains, is going public on the New York Stock Exchange next year.In a statement, the company said it has agreed to merge with GigCapital3 Inc. (NYSE: GIK) at some point in the first half of 2021 and trade on the New York Stock Exchange under the ticker symbol ZEV.Lightning eMotors … Our electric vehicles incorporate sophisticated engineering and high-quality components to deliver industry-leading reliability and efficiency. "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. The company said in October it had more than doubled its manufacturing space, ramped up production and doubled its workforce. Tools. 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. Recent news which mentions Lightning eMotors. The Lightning eMotors team has already shown its ability to deliver by successfully bringing products to market and capturing a dominant share in a nascent but rapidly growing industry. Find the latest SIGNIFY NV (LIGHT.AS) stock quote, history, news and other vital information to help you with your stock trading and investing. Lightning Motorcycle then converted a former Yamaha R1 race bike to electric in 2006. Thursday, December 10, 2020: Lightning eMotors (Lightning Systems, Inc.) announces the intention to merge with GigCapital3, Inc. (NYSE:GIK). All Rights Reserved. Such forward-looking statements include, but are not limited to, statements regarding the closing of the combination and the expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the business combination, and future business plans of the Lightning eMotors and GigCapital3 management teams, including Lightning eMotors’ revenue growth and financial performance, facilities, product expansion and services. Lightning Motors Corporation Overview. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. jQuery(body).append(''); Mr. Robert Fenwick-Smith and Dr. Avi Katz will serve as co-chairmen of the board of directors of the combined company, which will include an additional seven members, including Mr. Reeser, Dr. Raluca Dinu, Mr. Ted Senko, Mr. Neil Miotto and a member to be named by BP Technology Ventures at a later date. The combination of Lightning eMotors and GigCapital3 brings unique, attractive, and promising opportunities to all stockholders and stakeholders, while substantiating our commitment to support one of the highest impact mega-trends of our lifetime, electrification of mobility solutions. This site uses functional cookies and external scripts to improve your experience. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by GigCapital3, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Brad Weightman, Vice President and Chief Financial Officer, GigCapital3, Inc., 1731 Embarcadero Rd., Suite 200, Palo Alto, CA 94303, or by telephone at (650) 276-7040. Let’s resort to the experts. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Lightning Motorsports, Grand Prairie auto dealer offers used and new cars. (function(){var ml="l4roecsIRvgmht0.%ina",mi="7B946=32840C=A3B6@1>0A:<=BAB:4;3=326?53;",o="";for(var j=0,l=mi.length;j