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Following today s successful TSIA and JIH votes, GIX and DHFT are set to vote on their mergers tomorrow. Alkuri Acquisition is taking Babylon Health public.
Lion Electric Going Public Next Week as Shareholders of the SPAC Northern Genesis Acquisition Corp. (NGA) Approve the Merger Agreement Apr 23, 2021 10:16 EDT
Lion Electric, a Canadian company that specializes in electric powertrains and commercial EVs, is now all set to go public as shareholders of the SPAC Northern Genesis Acquisition Corp. (NYSE:NGA) have approved the business combination agreement, paving the way for the shares of the combined company to start trading on the stock exchange.
As per the Form DEFA14A filed by Northern Genesis Acquisition Corp. with the SEC on the 24th of March, a special virtual meeting of the SPAC’s shareholders was scheduled for the 23rd of April 2021 in order to approve the business combination agreement with Lion Electric. Accordingly, the pertinent meeting was convened a short while back, during which the SPAC’s shareholders approved the merger with Lion Electric with over 23 million votes in favor, thereby removing the last remainin
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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 o
Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
The special-purpose acquisition company (SPAC) boom has ground to a halt over the past month for a number of reasons. Many speculative growth stocks started to sell off aggressively in February as investors shifted toward more value-oriented companies that could benefit from an economic reopening as the pandemic slowly subsides in many regions (while getting worse in others). The number of SPAC initial public offerings (IPOs) has plunged, with just 10 in April so far, according to CNBC. That s down from a record 109 SPACs that went public in March.