spac

SPAC shareholders approve Lordstown Motors reverse merger

Shareholders of a blank check company voted Thursday to approve a reverse merger that  provides startup Lordstown Motors Corp. (LMC) more money than it needs to build a commercial fleet-focused electric pickup truck at a former General Motors (NYSE: GM) car plant in Lordstown, Ohio.

The closing of the business combination between Diamond Peak Holdings Corp. (NASDAQ: DPHC) and LMC is expected Friday. The DPHC ticker will be replaced on Monday by the LMC ticker RIDE.

The deal went from announcement...

https://www.freightwaves.com/company-will-begin-ride-of-its-public-life-in-nasdaq-trading-on-monday

The Daily Dash: A wild Q4 and even better times ahead?

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Knight-Swift has upped its earnings outlook for 2021 even as experts are predicting a difficult fourth quarter to forecast. Plus, Kenan Advantage Group could be for sale and autonomous vehicle startup Aurora adds executive firepower.

Setting a standard

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has issued its 2021 guidance more than a quarter ahead of usual. And the expectations are...

https://www.freightwaves.com/news/the-daily-dash-a-wild-q4-and-even-better-times-ahead

The Daily Dash: A new SPAC is on the hunt; more charges in staged truck accidents investigation

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.

What to do when you have money to spend

SPACs have become all the rage, and they seem to be popping up everywhere these days. Qell is the latest, and with $380 million in hand, the shell company is on...

https://s29755.pcdn.co/news/the-daily-dash-a-new-spac-is-on-the-hunt-more-charges-in-staged-truck-accidents-investigation

VCs: Nikola scandal won’t stem cash flow to clean-tech startups

Reacting to the stunning series of events that culminated in the resignation of Nikola Corp. (NASDAQ: NKLA) Executive Chairman and founder Trevor Milton on Monday, venture capitalists said the challenges facing the embattled electric truck company call attention to the symbiotic but risky relationship between clean tech startups and special purpose acquisition companies (SPACs), the alternative form of financing Nikola used to go public in June.

Investors said also that the scandal, showing few...

https://www.freightwaves.com/news/vcs-weigh-in-on-nikola-controversy

Assembly Ventures seeks to turbocharge young mobility companies

Chris Thomas exudes a quiet intensity when he speaks about how he identifies the mobility-focused startups he is seeking for his new fund, Assembly Ventures.

He wants to coach as much as invest. He wants to leverage more than a decade of relationships with C-suite executives to neutrally arrange engagements and marriages for the companies Assembly Ventures adopts. 

At 42, Thomas has the pedigree. He comes from a middle-class public school upbringing. After attending Michigan State and Yale...

https://s29755.pcdn.co/news/assembly-ventures-seeks-to-turbocharge-young-mobility-companies

3D printing Desktop Metal going public, eyes manufacturing shake-up

Shop System additive manufacturing provides metal 3D printing to machine shops

As many supply chain managers seek to better manage volatility in truck capacity and move supply chains closer to the end consumer, additive manufacturing, or 3D printing, has gained favor.

In a Wednesday press release, Burlington, Massachusetts-based Desktop Metal Inc. announced plans to go public through a merger agreement with special purpose acquisition company (SPAC) Trine Acquisition Corp. (NYSE: TRNE). The combined entity will be named Desktop Metal Inc. with an estimated equity value of...

https://www.freightwaves.com/news/3d-printing-desktop-metal-going-public-eyes-manufacturing-shake-up

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