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Manufacturing

EV maker Lordstown Motors plans IPO, merging with blank check firm

Lordstown
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By:
From wire reports
August 03, 2020 12:08 PM

Lordstown Motors has agreed to go public through a merger with blank-check company DiamondPeak Holdings in a deal that gives the electric pickup start-up a pro forma equity value of $1.6 billion, the companies said on Monday.

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