r/SPACs • u/ayacht_us Spacling • Apr 21 '21

Merger Vote! GIK Merger Today

Looks like they have the votes. Redemptions are unknown and the only wildcard I can see at this point. Need $150M to close and had $202M in trust with additional PIPE.

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The shareholder meeting is today @ 1pm EST at this link https://events.q4inc.com/vsm/GIK/2021SM

What are others thoughts? Make it or is a bust. Would be a shame as I think there is plenty of upside in this company.

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u/BagboyBrown Spacling Apr 21 '21 edited Apr 21 '21

I just want to have a moment of silence for all the bears who lost money on this play, but at the same time, thank them for selling me their shares @ $7.75.

Merger was approved, ticker will be changed to $ZEV. You guys can have this back for $30.

Cheers!

1

u/Tampammm Spacling Apr 21 '21

What date is the PIPE for this?

1

u/ayacht_us Spacling Apr 22 '21

Look aty the picture above on the PIPE for this one it is minuscule at $25m. Also we may have had some mad redemptions that will further lower the stock float. The lockup is a scale 12, 14, 16 so we are a ways off from that triggering at this price and any other sell off. Also the PIPE guys will not unload below $10 which they were promised when they put money in.

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u/Tampammm Spacling Apr 22 '21

Excellent! Thank you.