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SPAC · Merger completed

Northern Genesis Acquisition Corp.

Business combination with The Lion Electric Company

Northern Genesis Acquisition Corp. is a blank-check company (SPAC) that raised $300M in its initial public offering on Aug 18, 2020, listing on New York Stock Exchange. It completed its business combination with The Lion Electric Company on May 6, 2021; the combined company is The Lion Electric Company (LEV). Morgan Stanley led the IPO. Graubard Miller advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

The Lion Electric Company manufactures zero-emission vehicles, including all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for school, paratransit and mass transit markets. It designs and assembles its own components, including chassis, battery packs, truck cabins and bus bodies.

Status
Merger completed
IPO date
Aug 18, 2020
IPO size
$300M
IPO exchange
New York Stock Exchange
Target
The Lion Electric Company
Announced
Nov 30, 2020
Closed
May 6, 2021
Combined company
The Lion Electric Company (LEV)
IPO underwriters
Morgan Stanley
SPAC counsel (IPO)
Graubard Miller
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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