Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it intends to go public through a special purpose acquisition company (SPAC) merger in a move that will help fund its first U.S. manufacturing facility.
Quebec-based Lion plans to combine with blank check company Northern Genesis Acquisition Corp. (NYSE: NGA) and then be listed on the New York Stock Exchange with the ticker LEV. It expects to raise about $500 million from the transaction.
It comes as Lion looks to...
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