Lightning eMotors Bullish Case Strengthened on Winning a $45 Million Order for 200 Commercial EVs in the Run-Up To Its Merger With the SPAC GigCapital3 (GIK) Jan 6, 2021 09:33 EST
Lightning eMotors, a leading provider of commercial electric vehicles for fleets, has supercharged the bullish sentiment surrounding its imminent merger with the Special Purpose Acquisition Company (SPAC), GigCapital3 (NYSE:GIK).
As per the press statement released by Lightning eMotors just moments ago, the company has secured a $45 million order for 200 EVs from ABC Companies. As far as the scope of the order is concerned, the contract includes Class 3 Lightning Electric Transit passenger vans, Class 4 Lightning Electric E-450 shuttle buses, Class 5 Lightning Electric F-550 shuttle buses, and Class 7 transit buses. Additionally, Lightning eMotors will also provide ABC Companies its new zero-emission powertrain systems.
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Back in July, we theorized that 2020 could end up being a record-setting year for digital health M&A, and that’s turned out to be the case. With 35 deals in the first half of the year, nine in the third quarter, and 20 more in Q4,
MobiHealthNews and its sister publications tracked a staggering 64 deals this year.
That count, by the way, excludes “blank check” or Special Purpose Acquisition Company deals, which are technically acquisitions but often function more like IPOs. SPAC deals have been popular this year, with
MobiHealthNews tracking at least six.
Our usual caveats apply – in our annual and quarterly roundups, we count up all the deals we covered during the year, even if they technically haven’t yet closed. We don’t claim that the list is exhaustive (though please don’t hesitate to reach out to us with any omissions) and we’re aware that “digital health” remains a category with somewhat fuzzy boundaries.
Rockpool Acquisitions Plc (AIM: ROC), the S pecial Purpose Acquisition Company ( SPAC ) formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland, announces its unaudited Interim Results for the six months ended 30 September 2020. · The Company s mandate to seek, through its SPAC status, a company or business headquartered or materially based in Northern Ireland, progresses. · The Board remains in discussion with Greenview Gas Limited ( Greenview Gas ) and is confident that a transaction suitable for shareholders will materialise despite the impact of Covid-19. · Were the transaction with Greenview Gas to not conclude, the Company has other targets through which it will fulfil its mandate to its shareholders.
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Agroz Group Sdn Bhd has announced that it’s building 100,000 square feet of indoor vertical farms in Malaysia throughout 2021, making it the largest of its kind in the country. When completed, the vertical farms can produce 3 tons of clean and fresh vegetables daily.
The Malaysian-based agriculture technology (agritech) company was founded by serial technopreneuer, Gerard Lim Kim Meng, who has experience in the Malaysian technology and digital industry. The group aims to address the issue of Food Safety, Food Security and Sustainability in Malaysia with its commercial large scale and industrial grade indoor vertical farms.
Vertical farms are an efficient way of producing fresh vegetables as it uses less space and water compared to traditional farming on open land. The environment can be controlled accurately which include temperature, humidity and lighting. Since the vegetables are farmed in a well-controlled environment, it also eliminates the need for pesticides and additional