Ticker LaunchSPAC · Merger completed
GigCapital3, Inc.
Business combination with Lightning Systems, Inc.
GigCapital3, Inc. is a blank-check company (SPAC) that raised $200M in its initial public offering on May 15, 2020, listing on NYSE. It completed its business combination with Lightning Systems, Inc. on May 6, 2021; the combined company is Lightning eMotors, Inc. (ZEV). Nomura led the IPO, with Oppenheimer. Crowell & Moring advised the SPAC and Sidley Austin advised the underwriters on the IPO.
- Status
- Merger completed
- IPO date
- May 15, 2020
- IPO size
- $200M
- IPO exchange
- NYSE
- Target
- Lightning Systems, Inc.
- Announced
- Dec 11, 2020
- Stated deal value
- $823M
- Closed
- May 6, 2021
- Combined company
- Lightning eMotors, Inc. (ZEV)
- IPO underwriters
- Nomura and Oppenheimer
- SPAC counsel (IPO)
- Crowell & Moring
- Underwriters' counsel (IPO)
- Sidley Austin
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
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Filings
- IPO prospectus (424B4) May 15, 2020
- Deal announcement (8-K) Dec 11, 2020
- All filings on EDGAR CIK 1802749
Other deSPACs that closed in 2021
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- Blade Air Mobility, Inc.via Experience Investment Corp. · closed May 7, 2021
- The Lion Electric Companyvia Northern Genesis Acquisition Corp. · closed May 6, 2021
- The Beauty Health Companyvia Vesper Healthcare Acquisition Corp. · closed May 4, 2021
- Stem, Inc.via Star Peak Energy Transition Corp. · closed Apr 28, 2021
- Genius Sports Limitedvia dMY Technology Group, Inc. II · closed Apr 20, 2021
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