The Lion Electric Company announced today it intends to merge with Northern Genesis Acquisition. Lion designs and manufactures electric vehicles. The newly combined company would be listed on the NYSE under “LEV” with a market capitalization of approximately $1.9 billion. That includes commitments for a $200 million PIPE. Terms of the deal call for Lion to receive the PIPE and about $320 million in cash held in trust by Northern Genesis. Read more.
Northern Genesis and Lion Electric Announce $520M Merger
