The era of electric pickup trucks is upon us, with brands coming from every direction to throw their hat into the ring. While other EV startups such as Rivian, Nikola, and Fisker have had the benefit of a cash injection, Lordstown Motors hasn’t been so lucky, but that’s all about to change thanks to a massive merger.

Lordstown Motors will merge with DiamondPeak in ‘Blank Cheque’ style, which means that a company that’s already listed on NASDAQ has invested to add value. This type of merger will allow Lordstown to open up to public investment as quickly as possible.

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