# Lion Electric to merge with Northern Genesis Acquisition Corp.

The Lion Electric Company announced a merger agreement with SPAC Northern Genesis Acquisition Corp., with a US$200 million private placement, expected to list on NYSE under ticker LEV at a US$1.9 billion valuation.

- Type: Acquisition
- Announced: 2020-11-30
- Where: United States
- Value: $200.0M
- Status: announced
- Products: electric vehicles, electric buses, electric trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lion Electric](https://endata.com/companies/51535.md)
- [Northern Genesis Acquisition Corp.](https://endata.com/companies/51536.md) (acquirer)
- [Power Corporation of Canada](https://endata.com/companies/51537.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/the-lion-electric-company-a-power-corporation-investment-announces-merger-agreement-with-northern-genesis-acquisition-corp--824316779.html), 2020-11-30: "The Proposed Transaction also includes a US$200 million committed private placement of common shares of Lion (LEV)."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/the-lion-electric-company-a-power-corporation-investment-announces-merger-agreement-with-northern-genesis-acquisition-corp--824316779.html), 2020-11-30: "The Proposed Transaction also includes a US$200 million committed private placement of common shares of Lion (LEV)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.