(Updated - November 19, 2020 10:58 AM EST)
Lightning eMotors is in advanced talks to go public through a merger with blank-check firm GigCapital3 (NYSE: GIK), according to Bloomberg, citing people with knowledge of the matter.
GigCapital3 is seeking to raise about $100 million in new equity to support a transaction that would create a combined entity worth $700 million to $1 billion, including debt.
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