Lordstown Motors merges with DiamondPeak Holdings in $1.6B deal

Lordstown Motors Corporation, an electric pickup truck OEM, merged with special purpose acquisition company DiamondPeak Holdings Corporation in a transaction valued over $1.6 billion. The combined entity will trade on NASDAQ under 'RIDE'.

“Brown Gibbons Lang & Company (BGL) is pleased to announce the merger of Lordstown Motors Corporation (Lordstown Motors), an original equipment manufacturer (OEM) of the world's first all-electric pickup truck serving the commercial fleet market, with DiamondPeak Holdings Corporation (DiamondPeak), a”prnewswire.com

• 1 source
• prnewswire.comBGL Announces the Merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation in a Transaction Valued Over $1.6 BillionBrown Gibbons Lang, CompanyNov 2, 2020

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