Lordstown Motors Speeds to Public Offering through SPAC Investment Deal

LORDSTOWN, Ohio – In what is shaping up to be a race to lead the electric-vehicle market, startup Lordstown Motors Corp. has joined several EV manufacturers that have opted to go public through a special purpose acquisition company, or SPAC, rather than the traditional initial public offering.  On Monday, Lordstown Motors announced it had reached a merger deal with DiamondPeak Holdings Corp., a SPAC that has raised $675 million to fund the automaker’s operations.  The merger wou

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