Renaissance Capital logo

Lordstown Motors (DiamondPeak Holdings) Priced, Nasdaq: RIDE

Blank check company led by David Hamamoto targeting the real estate industry (completed 10/23/2020).

Industry: SPAC

First Day Return: +1.6%

We are a newly organized blank check company. While we will not be limited to a particular industry or geographic region, given the experience of our management team and Silverpeak, we expect to focus on acquiring a business with a real estate component or where our management team has significant expertise. We intend to identify and acquire a business that could benefit from a hands-on partner with extensive operational, capital markets and investment management experience in the broader real estate sector and that presents potential for an attractive risk-adjusted return profile under our management. Our management team is led by David Hamamoto, our CEO and Chairman, and Kyriakos Mihalitsis, our CFO.

Lordstown Motors (DiamondPeak Holdings) (RIDE) Performance

Created with Highcharts 10.3.2Chart context menuRIDE vs. IPO Index (IPOUSA)May '19Sep '19Jan '20May '20Sep '20Jan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '250%+ 100%+ 200%-100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index