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KANSAS CITY, Mo. and MONTREAL, April 23, 2021 /PRNewswire/ - Northern Genesis Acquisition Corp. ("NGA") (NYSE: NGA), a U.S. publicly-traded special purpose acquisition company and The Lion Electric Company ("Lion"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced that today NGA's stockholders approved the previously announced business combination transaction with Lion, and each of the other proposals considered and voted upon at the meeting. NGA is expected to file with the Securities and Exchange Commission (the "SEC") a Form 8-K disclosing the final voting results.
In light of the recent SEC statement regarding accounting and reporting considerations for warrants issued by special purpose acquisition companies (SPACs), NGA expects to file as soon as practicable an amendment to its annual report on Form 10-K for the year ended December 31, 2020 (the "Amended Form 10-K") reflecting the reclassification of NGA's private placement and public warrants as a derivative liability, as further described in NGA's current report on Form 8-K filed with the SEC on April 20, 2021.