SPACs

AEye’s pencil dot-sized LiDAR sensor can see a half-mile ahead and instantly switch to wide view of traffic cut ins.

Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.

Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.

Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.

Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.

A day after its CEO and chief financial officer quit, Lordstown Motors said it is proceeding with battery-electric commercial pickup production..

Money matters, but the chance to tell investors its growth story led to revenue-positive Proterra riding a SPAC to public trading.

Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.

Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.

Spartacus will acquire the company in a valuation of more than $1B; more than $400M will be plowed back into the business for growth.

Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.

The blank-check route to going public is losing steam, but Aurora Innovation may take the plunge in a SPAC led by one of its investors.

“We plan to expand to three global manufacturing facilities, expedite product development, grow our global sales and service operations teams and so much more.”

Kodiak Robotics strikes a partnership with South Korea’s SK conglomerate to move its autonomous trucking software to Asia.

Truck Talk is a weekly newsletter offering perspective and context on happenings in the industry.

The Q1 earnings call covers everything but financials as Hyliion Holdings reworks its filings to show stock warrants as liabilities instead of equity.

Self-driving truck software maker Plus signed its long-rumored SPAC with $500 million cash and $3.3 billion valuation expected in Q3.

On its first day of public trading, Canada’s Lion Electric announces a plan to build trucks and buses in Illinois, creating 745 new jobs over three years.

Truck Talk is a weekly newsletter providing background, context and perspective to the trucking industry.

Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.