Northern Genesis Acquisition III today registered with the SEC to offer 15 million units at $10 each to raise $150 million for the acquisition of a business focused on sustainability.
The SPAC in the filing said it iwll target companies whose business practices demonstrate clear alignment with sustainability principles and whose organizational culture embraces the value of such alignment.
The SPAC is led by Director Paul Dalglish, who has also served on the boards of directors of Northern Genesis Acquisition I and II.
Northern Genesis I is in a pending merger with Lion Electric. Northern Genesis II last month raised $360 milion in an IPO.
The new SPAC plans a NYSE listing underr NGC.U. Read more.
