Northern Genesis Merger Partner Lion Electric Receives Order for 60 Zero-Emission Buses

Lion Electric

Northern Genesis Acquisition in a filing today announced that its merger partner Lion Electric has received an order for 60 electric school buses over the next five years.

Lion Electric earlier this month 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.

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