Lightning eMotors went public via a SPAC merger with GigCapital3 in an $823m deal.

Lightning eMotors, a company that electrifies commercial-vehicle fleets, went public via a SPAC merger with GigCapital3 in an $823m deal. The combined company has changed its name to Lightning eMotors, and its common stock and warrants began trading on the New York Stock Exchange under the new symbols “ZEV” and “ZEV.WS” “GigCapital3 is thrilled to partner with Lightning eMotors, using our Private-to-Public Equity platform, where GigCapital3 brings its management’s well-recognized and decades-long technology public-market operational and entrepreneurial expertise to enable the successful transition of a high-growth EV company like Lightning eMotors to a publicly traded entity,” Raluca Dinu, GigCapital3 Founding Managing Partner.