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Page 10 - வடக்கு ஜநெஸிஸ் கையகப்படுத்தல் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SPACs Get Beat Up Again

SPACs Get Beat Up Again SPACs are getting increasingly battered as IPOs are scarce, pre-deal SPACs fall consistently below NAV, and announced deals continue to weaken. EV SPACs got hammered as two deals closed. Author: Another rough day for SPACs as the average price for a pre-deal SPAC is now down to $9.88. SPACs with announced deals fared even worse with almost 85% trading down today.   This morning did see one M&A announcement (see below), but that brings the week s total to just two announced and neither impressed.  It s clear the pace will remain slow until peak deal - i.e. when the 420+ SPACs that are searching for targets and feeling the pressure - forces the hand of the SPACs. Those SPACs are trading at an

Quebec s Lion Electric to build new plant in Illinois, create 750 jobs

Bedard said Lion is expanding in the United States when there is growing demand among school districts and companies to switch to electric transportation. Nearly 400 of the company’s electric school buses are on the road and Amazon.com Inc has said it will buy up to 2,500 trucks from Lion by 2025. Lion’s expansion also coincides with a favourable regulatory environment under U.S. President Joe Biden, who has pushed for providing generous subsidies to the EV industry. “We’re looking for regulatory tailwinds that will be favourable to electric,” Bedard said of his decision to build the factory in Illinois. State-funded tax credits for the plant were being negotiated, Lion said.

Lion Electric Closes Business Combination with Northern Genesis Acquisition Corp and will Debut as a Publicly Traded Company

Share this article Share this article MONTREAL, May 6, 2021 /PRNewswire/ - Lion Electric ( Lion or the Company ), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and Northern Genesis Acquisition Corp. ( NGA ) (NYSE: NGA), a special purpose acquisition company, announced today the completion of their previously announced business combination (the Business Combination ). The Business Combination was approved by NGA stockholders at a special meeting held on April 23, 2021. Beginning on May 7, 2021, Lion s common shares are scheduled to begin trading on the New York Stock Exchange (the NYSE ) and the Toronto Stock Exchange (the TSX ) under the new symbol LEV , and its warrants are scheduled to begin trading on the NYSE under the new symbol LEV WS and on the TSX under the new symbol LEV.WT.

(AVNT), Dow Chemical Company (The) (NYSE:DOW) - Cramer Shares His Thoughts On JetBlue, General Electric And More

(AVNT), Dow Chemical Company (The) (NYSE:DOW) - Cramer Shares His Thoughts On JetBlue, General Electric And More
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Lion Electric Going Public Next Week as Shareholders of the SPAC Northern Genesis Acquisition Corp (NGA) Approve the Merger Agreement

Lion Electric Going Public Next Week as Shareholders of the SPAC Northern Genesis Acquisition Corp. (NGA) Approve the Merger Agreement Apr 23, 2021 10:16 EDT Lion Electric, a Canadian company that specializes in electric powertrains and commercial EVs, is now all set to go public as shareholders of the SPAC Northern Genesis Acquisition Corp. (NYSE:NGA) have approved the business combination agreement, paving the way for the shares of the combined company to start trading on the stock exchange. As per the Form DEFA14A filed by Northern Genesis Acquisition Corp. with the SEC on the 24th of March, a special virtual meeting of the SPAC’s shareholders was scheduled for the 23rd of April 2021 in order to approve the business combination agreement with Lion Electric. Accordingly, the pertinent meeting was convened a short while back, during which the SPAC’s shareholders approved the merger with Lion Electric with over 23 million votes in favor, thereby removing the last remainin

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