By Reuters Staff
2 Min Read
(Reuters) -Transportation solutions provider Giga Energy Inc is going public through a merger with blank-check company Yunhong International in a deal valued at up to $7.35 billion, the companies said on Monday.
Giga Energy said it had also secured nearly $308 million from private investor Harvest Tech Investment Management (UK) Co Ltd.
Formerly known as Ares Motor Works, Giga Energy aims to accelerate transition of commercial and industrial vehicles to zero emissions and plans to be headquartered in Hangzhou, China.
The multi-billion-dollar deal is another mega-merger that marks a rebound in activity in the blank-check space, after a lull due to increased regulatory scrutiny and saturated investor appetite.
RADNOR, Pa., May 15, 2021 /PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States. | May 15, 2021