EV maker Lion Electric to go public through SPAC merger

Nov 30 (Reuters) – Electric-vehicle maker Lion Electric Co said on Monday it would go public through a merger with blank-check company Northern Genesis Acquisition Corp.

Lion Electric expects to receive about $500 million of net cash proceeds from the deal, it said.

The combined company is expected to be listed on the NYSE under the symbol “LEV”.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Aditya Soni


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