Northern Genesis Acquisition announced today that merger partner Lion Electric filed a preliminary proxy in connection with their proposed $520 million business combination.
The deal is expected to close in the first quarter, pending shareholder approval.
Upon closing of the combination, a wholly-owned subsidiary of Lion Electric will merge with and into Northern Genesis, and Lion would trade on the NYSE under LEV. Lion Electric would have a market capitalization of approximately $1.9 billion. Read more.
