On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Lion positions itself as a leading OEM in transportation electrification in North America. Article content. He graduated from UC Berkeley, where he studied the history of American policing. A Kansas City-based SPAC is closer to getting a name with a bit more bite. 921, chemin de la Rivire-du-Nord Saint-Jrme (Qubec) J7Y 5G2 450 432-5466 | 1 855 546-6706. The Canadian electric truck and bus manufacturer The Lion Electric Company announced plans to become a publicly-traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. These factors give Lion a sharp edge over other competitors who might not have as stable access to battery packs. Electric-bus maker The Lion Electric is gearing up to go public through a reverse merger with Northern Genesis Acquisition Corp. That means the stock will have some help getting to the Your email address will not be published. & Saint-Jrme, Qubec The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, announced today it intends to combine with Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded special purpose acquisition company focused on a commitment to sustainability and strong alignment with Lion Electric is set to go public after shareholders of special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. (NYSE: NGA) approved a merger Friday with the Canadian electric truck and bus manufacturer.. Weiterlesen. This merger is the mechanism by which Lion Electric will go public, and as new details of the merger come forward, investors are seeing surges in NGA stock. Quebec-based Lion will trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV once the transaction closes. In the race to fleet electrification, Lion Electric Co. has pulled a power move on the competition with the announcement Monday that it will become a publicly traded entity on the New York Stock Exchange after signing a US$500-million merger with special purpose acquisition company (SPAC) Northern Genesis. Lion Electric - USA. This news is a big deal for the company and for investors in NGA stock. Instead, the company has decided to go the SPAC route. The Canadian electric truck and bus manufacturer The Lion Electric Company announced plans to become a publicly-traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The company is seeing success both in Canada and abroad. The Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Currently the smallest manufacturer in its segment, Lion primarily produces yellow school buses, specializing in battery-electric powertrains. Lion Electric, a maker of medium and heavy-duty electric vehicles (EV), is looking to go public via a special purpose acquisition company (SPAC) merger. XRP Alert: 10 Top Twitter Reactions to Todays SEC vs. Ripple Hearing, Dogecoin May Remain Popular, but Dont Buy the Pullback. It comes as Lion Electrics battery-powered Lion8 and Lion6 trucks continue to gain traction for last-mile operations. 1125 N. Charles St, Baltimore, MD 21201. Founded in 2011 as Lion Bus (Autobus Lion), the company is headquartered in Saint-Jrme, Quebec. Most notably, Californias largest school district purchased 10 Lion Electric school busses in February. Electric-vehicle maker Lion Electric Co said on Monday it would go public through a merger with blank-check company Northern Genesis Acquisition Corp. Lion Electric photo Lio LECO +0.3% n Electric Co., a Quebec-based manufacturer of electric school buses, mass transit buses and medium and heavy-duty trucks, will go public through a Lion Electric Co. is set to go public via the special purpose acquisition company Northern Genesis Acquisition Corp (NYSE:NGA) in a $1.8-billion deal. Lion Electric Co. CEO Marc Bedard. 2021 InvestorPlace Media, LLC. In fact, shares are currently up 12%. SafeMoon Scam Allegations: A Crypto Hustle or a Rocket to Riches? The combined company will have over $300 million in cash. Contact Nate at ntabak@freightwaves.com. The Lion Electric Company (in French, La Compagnie lectrique Lion) is a Canadian-based manufacturer of commercial vehicles. This transaction marks an important milestone in Lions continued emergence as a market leader in the design, manufacturing and distribution of purpose-built, all-electric medium- and heavy-duty urban vehicles, Lion founder and CEO Marc Bedard said in a statement in November. Copyright 2021 InvestorPlace Media, LLC. Lion Electric, a made-in-Canada success story, is one of the countrys leading NGA stock is soaring this morning after a huge live announcement with Justin Trudeau. It follows Hyliion (NYSE: HYLN)and Nikola (NASDAQ: NKLA). NGA Stock: The Big Lion Electric News That Has Shares Gaining Today, 11 Bullseye Stock Picks in Today's Hottest Investing Trends >>> READ MORE, purchased 10 Lion Electric school busses in February, 7 Homebuilding Stocks to Buy That Are Ready for Another Round of Gains, Louis Navellier and the InvestorPlace Research Staff, A Small Biotech Stock That Has All The Right Ingredients for a Big 2021 Breakout, Top Stocks 2021: 11 Bullseye Stock Picks for Your Must-Buy List.
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