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DiamondPeak Holdings

Special Purpose Acquisition Company

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DiamondPeak Holdings

Overview

DiamondPeak Holdings Corp. (“DiamondPeak”) (NASDAQ: DPHC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses.

DiamondPeak is sponsored by DiamondPeak Sponsor LLC, which is owned by affiliates of David Hamamoto and the principals of Silverpeak. In January 2019, DiamondPeak filed for an initial public offering, subsequently raising $280 million which closed and commenced trading in February 2019.

On August 3, 2020, DiamondPeak and Lordstown Motors Corp., a leader in electric light duty trucks, announced a definitive agreement for a business combination that would result in Lordstown becoming a publicly listed company. The business combination was approved by DiamondPeak stockholders in a special meeting held on October 22, 2020, and on October 26, 2020, Lordstown Motors’ Class A shares began trading on the NASDAQ under the new ticker symbol, “RIDE.”

The merger, and the support of the company’s robust network of industry partners, will drive the development and commercialization of Lordstown’s all-electric pickup truck, the Lordstown Endurance.

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