Welcome to our dedicated page for GIKU news (Ticker: GIKU), a resource for investors and traders seeking the latest updates and insights on GIKU stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GIKU's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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GigCapital3, Inc. (NYSE: GIK, GIK.U) announced stockholder approval for its business combination with Lightning eMotors on April 21, 2021. Over 98% of votes cast supported the proposal, representing about 56% of outstanding shares. The business combination will finalize soon, after which the new entity will trade under the symbol 'ZEV'. GigCapital3 anticipates approximately $268 million in gross proceeds from the transaction, including $125 million from a PIPE transaction with institutional investors. Following redemptions, around $143 million will remain in the trust account.
