Banking & Finance  April 22, 2021

SPAC shareholders approve go-public merger with Lightning eMotors

LOVELAND — Lighting eMotors Inc. is one step closer to becoming a publicly listed company after shareholders in a special purpose acquisition company approved a merger between the two companies.

Approximately 98% of GigCapital 3 Inc. (NYSE: GIIK) shareholders who participated in a special meeting on Wednesday voted to approve the SPAC merging with the Loveland-based maker of non-passenger class electric vehicles, according to a filing with the U.S. Securities and Exchange Commission Thursday morning. 

SPACs are shell companies that are listed on public exchanges and are later merged with companies looking to go public outside of the normal procedures of an…

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