Brown Gibbons Lang & Company (BGL) officially announced the merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation (DiamondPeak), a special purpose acquisition company (SPAC).
As a result of the deal, announced in August and valued at over $1.6 billion, the combined entity will trade on the NASDAQ exchange under the ticker symbol "RIDE", which potentially should fully fund the commercialization of the Lordstown Endurance electric pickup.
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