# 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'.

- Type: Acquisition
- Announced: 2020-11-02
- Where: United States
- Value: $1.60B
- Status: announced
- Products: all-electric pickup trucks, Endurance electric pickup
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/bgl-announces-the-merger-of-lordstown-motors-corporation-with-diamondpeak-holdings-corporation-in-a-transaction-valued-over-1-6-billion-301165288.html), 2020-11-02: "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"

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