'Blank check' company DiamondPeak soars 29% after inking deal to acquire electric vehicle maker Lordstown Motors (DPHC)

· *Lordstown Motors is going public via a reverse-merger with a SPAC, also known as a "blank check" company.*
· *DiamondPeak Holdings will merge with Lordstown Motors in a deal that values the Ohio-based electric vehicle maker at $1.6 billion. *
· *The transaction will generate up to $675 million in financing for Lordstown...