# Lordstown Motors to merge with DiamondPeak Holdings, go public on NASDAQ

Lordstown Motors Corp. entered a definitive merger agreement with DiamondPeak Holdings Corp. to become a publicly listed company on NASDAQ under ticker 'RIDE', with gross proceeds of about $675 million to fund production of the Endurance electric pickup truck.

- Type: Acquisition
- Announced: 2020-08-03
- Where: Lordstown, Ohio, United States
- Value: $675.0M
- Status: announced
- Products: electric pickup truck, Lordstown Endurance
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lordstown Motors Corp.](https://endata.com/companies/49086.md)
- [General Motors](https://endata.com/companies/4654.md) (investor)
- [DiamondPeak Holdings Corp.](https://endata.com/companies/49087.md) (target)

## Sources

- [investor.lordstownmotors.com](https://investor.lordstownmotors.com/news-releases/news-release-details/lordstown-motors-corp-list-nasdaq-through-merger-diamondpeak/), 2020-08-03: "We are thrilled with the opportunity to build Lordstown Motors into a top-tier electric truck company that is highly differentiated from the competition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.