 Electric work vehicle maker Lordstown Motors Co. will become a public company, as it has agreed to be acquired by special purpose acquisition company SPAC, or blank-check company DiamondPeak Holdings Corp. in a deal that implies a 1.6 billion equity value for Lordstown. The combined company will remain listed on the Nasdaq exchange, but the ticker symbol will change to RIDE from DPHC when the deal is completed, which is expected in the fourth quarter of 2020. Lordstowns flagship Endurance pickup truck has received more than 27,000 preorders, which represents more than 1.4 billion in potential revenue. DiamondPeaks stock has been stable over the past year, as it has gained 4.3 while the SP 500 has advanced 11.6. 