Northern Genesis Acquisition III priced its $150 million IPO at $10 per unit. The units trade on the NYSE under NGC.U.
The SPAC said it will 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 also serves on the boards 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. Read more.
