Lordstown Motors has announced a merger with DiamondPeak, meaning that it will now become a publicly listed company. This also means the company secured the last bit of funding it needed to ramp up production and put the new fully electric “Endurance” pick up truck on the market.

The pick-up truck is set to launch in 2021.

Upon closing of the transaction, the combined company will be named Lordstown Motors Corp. and is expected to remain listed on the NASDAQ and trade under the new ticker symbol, “RIDE.”

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