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GigCapital3, Inc. (GIK)
NYSE - NYSE Delayed Price. Currency in USD
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10.95-0.94 (-7.91%)
At close: 4:00PM EST
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Ring a bell ....?
https://twitter.com/LightningeMtrs/status/1366451444673630209/photo/1
As previously disclosed by GigCapital3, Inc. (the “Company” or “GigCapital3”) under Item 1.01 of its Current Report on Form 8-K filed on December 11, 2020, the Company announced its anticipated acquisition (the “Business Combination”) of Lightning Systems, Inc., a Delaware corporation (“Lightning Systems”). In connection with the proposed Business Combinations, GigCapital3 intends to file with the Securities and Exchange Commission (“SEC”) an amended registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of GigCapital3, and after the amended registration statement is declared effective, GigCapital3 will mail a definitive proxy statement/prospectus relating to the proposed business combinations to its stockholders.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of GigCapital3
GigCapital3 is filing this Current Report on Form 8-K to provide the audited financial statements of GigCapital3 which includes the balance sheet as of December 31, 2020, and the related statements of operations and comprehensive loss, stockholders’ equity and cash flows for the period from February 3, 2020 (date of inception) through December 31, 2020, including the related notes prior to the closing of the Business Combination.
Attached hereto as Exhibit 23.1 is the consent of BPM LLP, the independent registered public accounting firm of GigCapital3, related to the above-referenced audited financial statements of GigCapital3 filed as Exhibit 99.1 to this Current Report on Form 8-K.
(d)
Exhibits:
Exhibit Description
23.1 Consent of Independent Registered Public Accounting Firm.
99.1 Audited financial statements of GigCapital3, Inc. as of and for the year ended December 31, 2020.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 1, 2021
By:
/s/ Dr. Avi S. Katz
Name: Dr. Avi S. Katz
Title: Chief Executive Officer and President"
1. They have electric vehicles on the road class sizes 3 - 8. Ranging from the ambulance size to double decker motor coach. The only company to have this.
2. Only company to be approached by Plug Power and Amazon to install hydrogen fuel cells into their vehicles. This is huge since they are seen as having the capabilities to perform this modifications.
3. They have all of the purchase orders for 2021 and half of 2022 already covered so they are not scrambling to make sales rather they have return customers ordering in much higher quantities Instead of one or two they are now ordering in the hundreds. They delivered a motor coach to ABC Buses in Wisconsin and the next month they received a purchase order for $45 million that includes 200 buses of various class sizes.
4 They have ample room to continue to expand at their current campus. They will have room to produce 20,000 vehicles per year in 2025. which equates to $2 billion in revenue. This should not be overlooked .. the facility is perfect for their growing business.
5. They are located near Denver so there is a large labor pool nearby.
6. Tim Reseer CEO is takes every opportunity to talk about the business to whoever will listen and he is a great spokesperson. Very excited which can only rub off on employees and investors.
7. Biden wants all Fed vehicles to be electric which places another 100,000 vehicles that fall into Lightnings capabilities. Lightning already has the State of California
8. Rules are being set to have all vehicles go electric ... so no longer a choice but the choice becomes easier when the cost of ownership is lower than combustion engines.
9. There is more than enough demand that they are not worried about competition taking away sales. There is enough business for everyone. Lightning is a least two years ahead of XL Fleet in selling fully electrified vehicles. XL Fleet has been only doing plug in hybrids.
10. Lightning has half the market cap of XL Fleet even though they are more advanced in their technology.
Gives the share price room to grow.
11. Okay one more reason .. I expect the SEC approval this week which should be a great boost to the stock price. Cheers to all.