|Bid||27.68 x 1800|
|Ask||27.84 x 1400|
|Day's Range||27.10 - 28.50|
|52 Week Range||9.60 - 35.25|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Northern Genesis Acquisition Corp. (NYSE: NGA) announces that its proposed business combination partner, Lion Electric (Lion), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and Autobus Groupe Séguin (Autobus Séguin), a transportation operator headquartered in Laval, Quebec, announced the signing of an order for the acquisition of 60 zero-emission LionC electric school buses over a five-year period. Autobus Séguin will integrate the all-electric buses into the company's current fleet of vehicles, one of the largest in Quebec. This milestone order is the single largest to date in the electric school bus industry in North America. The first 10 buses will be delivered throughout the 2021 calendar year, and will be used from the start of the 2021-2022 school year, through the seven service centers operated by Autobus Séguin. Subject to continued satisfaction of certain conditions, the remaining 50 buses will be delivered through 2026.
Shares of Northern Genesis Acquisition (NYSE: NGA) were trading higher on Wednesday, after its merger partner Lion Electric revealed in a regulatory filing that it struck a deal in June of last year to sell trucks to Amazon.com (NASDAQ: AMZN). As of 1:30 p.m. EST, Northern Genesis's stock was up 16.8% from Tuesday's closing price, and up about 34% since the end of last week. It plans to merge with Lion Electric, a small Canada-based maker of electric trucks and buses, in a deal that will effectively take Lion Electric public.
Northern Genesis Acquisition Corp. (NYSE: NGA, NGA-WT, and NGA-UN) ("Northern Genesis") announced that on December 31, 2020, The Lion Electric Company ("Lion Electric" or "Lion") filed with the U.S. Securities and Exchange Commission ("SEC") a preliminary registration statement on Form F-4 (the "Registration Statement"), which includes a preliminary proxy statement of Northern Genesis, in connection with their proposed business combination.