s.parentNode.insertBefore(b, s);})(); GigCapital3, Inc. (NYSE: GIK, GIK.U, and GIK.WS), is one of GigCapital’s Private-to-Public Equity (PPE) companies. //s.parentNode.insertBefore(b, s);})(); ©2021 Lightning eMotors. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including that the GigCapital3 stockholders will approve the transaction, the ability of the post-combination company to meet the NYSE listing standards, product and service acceptance and that Lightning eMotors will have sufficient capital upon the approval of the transaction to operate as anticipated. 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. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Before it's here, it's on the Bloomberg Terminal. Upon closing of the transaction, the combined operating company will be named Lightning eMotors, Inc. and will be listed on the New York Stock Exchange under the ticker symbol ZEV. //window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; Which cookies and scripts are used and how they impact your visit is specified on the left. 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. Lightning eMotors, a company that electrifies commercial-vehicle fleets, has agreed to go public through a merger with GigCapital3 Inc., a blank-check company. 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. Mr. Senko and Mr. Miotto, who is the current chairman of the GigCapital3 audit committee, will serve as independent directors and audit committee members. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. 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. Lightning eMotors, a leading ... the combined operating company will be named Lightning eMotors, Inc. and will be listed on the New York Stock ... Class 7 city buses, and Class 8 motor … Since 1999, the F-Series also includes the heavier-duty Super Duty series, which includes pickup trucks, chassis cab trucks, and medium … The LS-218 is the fastest production motorcycle in the world – gas or electric. Additional information about the proposed transaction will be described in GigCapital3’s registration statement relating to the merger, which it will file with the SEC. "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. This site uses functional cookies and external scripts to improve your experience. Se Habla Espanol.Large Inventory of Quality Used Cars b.type = "text/javascript";b.async = true; Medium-Duty Electric Vehicle Share Leader Lightning eMotors Going Public In SPAC Deal. //window._linkedin_data_partner_ids.push(_linkedin_partner_id); The Lightning Strike electric motorcycle, which was teased for months, was just unveiled minutes ago. With new body parts and a beefed up suspension, the new supercharged 5.4L V8 truck was an immediate hit. Available only as a regular cab, step side truck, the SVT Lightning was the world's fastest production truck of it's time and was priced under $30,000. 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. Lightning Motors Corporation filed as a Statement & Designation By Foreign Corporation in the State of California on Wednesday, January 12, 2011 and is approximately ten years old, according to public records filed with California Secretary of State.A corporate filing is called a foreign filing when an existing corporate entity files in a state … Se Habla Espanol.Large Inventory of Quality Used Cars The merged company will be named Lightning eMotors Inc. and list on the New York Stock Exchange under the ticker "ZEV." This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. It adds technology to the vans, trucks and buses that reduces their emissions to zero; it also provides a charging service. Lightning Motor Corp. builds competitve Class 10 race cars for mass production prices. The bike featured over 60 horsepower, about 70 pounds-feet of torque and a top speed of 100 mph. 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. Stocks. (function(){var s = document.getElementsByTagName("script")[0]; Lightning eMotors is the market share leader in Class 3-7 zero-emission vehicles and is the only manufacturer with a full line of battery and fuel cell zero-emission commercial vehicles on the road with blue-chip customers, serving a worldwide annual total addressable market of $67 billion Information on valuation, funding, cap tables, investors, and executives for Lightning Motorcycles. Shares of GigCapital3 jumped 22% in premarket trading Friday. The boards of both companies have unanimously approved the merger, the companies said. Lighting eMotors helps commercial fleets achieve their sustainability goals by offering zero emission battery-electric vans, trucks and buses based on familiar, proven vehicles from manufacturers such as Ford and GM. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the preliminary and definitive proxy statements/prospectus related to the proposed business combination and related transactions when it becomes available, and which can be obtained free of charge from the sources indicated above. 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. Working closely with our customers, we help them identify their unique commercial electric vehicle, charging, and grant support needs. Additional Information and Where to Find It. //b.type = "text/javascript";b.async = true; Lightning Motors has designed and produced a Sport Bike sure to change the minds of anyone doubting electric motorcycle performance. International. _linkedin_partner_id = "2154642"; There can be no assurance that future developments affecting Lightning eMotors or GigCapital3 will be those that the parties have anticipated. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of GigCapital3 as of a record date to be established for voting on the proposed business combination and related transactions. You may change your settings at any time. Treasuries. For more information, please visit https://lightningemotors.com and follow us at @LightningeMtrs on Twitter, Lightning eMotors on LinkedIn and @LightningeMotors on Instagram. 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. Have a confidential tip for our reporters? The partnership of GigCapital with these companies continues through an organic and roll-up strategy growth post the transition to a public company. Find high-quality stock photos that you won't find anywhere else. Deal is expected to generate gross proceeds of $125 million, Shares of GigCapital3 SPAC soar in pre-market trading. The deal is expected to generate gross proceeds of $125 million and gives Lightning eMotors a pro-forma equity valuation of around $823 million, the companies said Thursday in a statement. 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. A … According to the consensus opinion of 19 polled analysts, the General Motors electric car shares deserve a “buy” rating. Call us today! Recent news which mentions Lightning eMotors. } Bloomberg News had reported the two companies were in talks to merge. 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. Toll-free: 1-800-223-0740. if(jQuery('.gform_confirmation_message')[0]) Upon closing of the transaction, the combined operating company will be named Lightning eMotors, Inc. and will be listed on the New York Stock … All Rights Reserved. “Private-to-Public Equity (PPE)” and “Mentor-Investor” are trademarks of GigFounders, LLC, used pursuant to agreement. Here's my analysis on Lightning eMotors which will be going public when it merges with GigCapital3 (GIK)! This website uses cookies to optimize your experience. Lightning eMotors provides complete electrification solutions for commercial fleets – from Class 3 cargo and passenger vans to Class 6 work trucks, Class 7 city buses, and Class 8 motor coaches. 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. Lightning Motors Corporation Overview. Lightning Motor Corp. 170 likes. Lightning eMotors’ co-founder and chief executive officer Mr. Tim Reeser said, “Today marks an important step forward in Lightning eMotors’ mission to lead the commercial medium-duty zero-emission vehicle market. Lightning eMotors’ complete electrification solutions cover medium- and heavy-duty vocational vehicles including ambulances, delivery trucks, bucket trucks, food trucks, school buses and coach buses, among others. Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by GigCapital3 with the SEC and available at www.sec.gov. Lightning eMotors and GigCapital3 will host a joint webcast today, December 10, 2020 at 4:15pm ET to discuss the business and transaction. jQuery(body).append(''); Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of GigCapital3’s filings with the SEC, and in GigCapital3’s current and periodic reports filed or furnished from time to time with the SEC. The Company’s unique modular architecture, software-enabled platform, and integration capabilities provide a scalable, cost-effective solution to a highly segmented and customized market. 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 2nd generation Ford SVT Lightning was released in 1999 and brought the iconic SVT styling to the F150 platform. With municipal regulations creating zero-emission zones in 30-plus cities worldwide and corporate mandates for zero emissions at many of the largest fleet operators in the world, Lightning eMotors is poised to capitalize on the regulatory and social shift to environmentally friendly commercial vehicles. Pursuant to the business combination, GigCapital3 will acquire Lightning eMotors through a reverse merger. Lightning Motors Corp. has been involved in researching and manufacturing electric two wheeled transportation for more than 10 years. Great prices, quality service, financing and shipping options may be available,We Finance Bad Credit No Credit. All forward-looking statements in this press release are made as of the date hereof, based on information available to GigCapital3 and/or Lightning eMotors as of the date hereof, and GigCapital3 and Lightning eMotors assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Is the General Motors stock a “buy” or “sell” today? Tesla (TSLA) Our electric vehicles incorporate sophisticated engineering and high-quality components to deliver industry-leading reliability and efficiency. Over the last 12 years, Lightning eMotors has built its modular hardware and software platform, partnering with fleets all over the U.S. to develop best-in-class zero-emission battery-electric and fuel cell electric commercial solutions. Updates with pre-market trading in third paragraph. Oppenheimer & Co. Inc., Nomura Securities International, Inc., and BofA Securities, Inc. are serving as joint placement agents on the equity and convertible financing, and Mayer Brown is serving as legal counsel to the placement agents. GigCapital3, led by executive chairman Avi Katz, raised $200 million in a May initial public offering. December 11, 2020. Our Lightning Energy division is dedicated to ensuring you have the charging infrastructure you need to power your fleet of electric vehicles. The company said in October it had more than doubled its manufacturing space, ramped up production and doubled its workforce. Lightning eMotors’ significant time-to-market advantages over competitors have enabled the Company to capture a diverse base of blue-chip fleet customers, including Fluid Trucks, ABC Companies, ACE Parking and California State Hospitals. We build the fastest production motorcycle in the world, won many road racing competitions and set several world speed records. Currently, Lightning eMotors has a contracted order backlog of approximately 1,500 vehicles for delivery in 2021 and 2022, including the world’s first fuel cell electric Class 6 truck. (function(){var ml="l4roecsIRvgmht0.%ina",mi="7B946=32840C=A3B6@1>0A:<=BAB:4;3=326?53;",o="";for(var j=0,l=mi.length;j852",o="";for(var j=0,l=mi.length;j Damaged Goods - Gta 5, Kroger Gas Station, Weiman Hardwood Floor Cleaner Ingredients, Fmf Jetting Chart, United Healthcare Prior Authorization Form For Radiology, Antec Rgb Controller Software, Saber Vs Conocer Conjuguemos, Palomar Hospital Doctors, Where Is Dorrough Now, Traeger Junior Elite Parts34470 Owner Financing,