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Lion Electric (Northern Genesis Acquisition) Priced, NYSE: LEV

Blank check company targeting an environmentally sustainable business (completed 5/6/2021).

Industry: SPAC

First Day Return: 0.0%

Industry: SPAC

We are a newly organized blank check company. Although we may pursue an acquisition opportunity in any business or industry, we intend to focus on opportunities making a positive contribution to sustainability through the ownership, financing and management of societal infrastructure. We believe that there is a growing societal sensitivity on the part of customers, investors and employees to the alignment that a business demonstrates with the principles underlying sustainability. Incorporating these principles into business strategies requires ongoing consideration of certain environmental, social and governance (ESG) factors that can both create opportunities and present potential risks. By weaving a focus on sustainability into their business plans and activities, companies can build business models that create social and environmental value in addition to financial or economic value. We believe the experience of our management team will allow us to evaluate targets in industries such as energy, transportation and electric mobility, data and communication, agriculture, community services, and training, among others. We believe that organizations operating in all of these sectors can generate attractive returns through strengthened ESG profiles and incorporating environmental sustainability into their business strategies.
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IPO Data
IPO File Date 07/27/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/17/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $300
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Kansas City, MO, United States
Founded 2020
Employees at IPO 2

Lion Electric (Northern Genesis Acquisition) (LEV) Performance