Lordstown Motors Merges In A $1.6 Billion Deal - Focus Is On Endurance Pickup

Brown Gibbons Lang & Company (BGL) officially announced the merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation (DiamondPeak), a special purpose acquisition company (SPAC).

As a result of the deal, announced in August and valued at over $1.6 billion, the combined entity will trade on the NASDAQ exchange under the ticker symbol "RIDE", which potentially should fully fund the commercialization of the Lordstown Endurance electric pickup.

MDarringer - 11/3/2020 5:51:32 PM

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So Mary the gender token fucked over the workers at Lordstown with only a handful getting a job with Lordstown Motors which now has to merge because it doesn't have a business case. #lovely