written by reader How can I buy a SPAC

By brassada, January 14, 2021

Hi everyone. I am interested in buying a SPAC (Lion Electric) with NGA (Northern Genesis) which, NGA is listed on NY index. Does this mean that by buying NGA, I will buy in the Lion electric SPAC automatically?
Tx for the speedy answer. They will be announcing the merger soon.
Daniel

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Poppy
Member
Poppy
January 14, 2021 10:06 pm

NGA is the SPAC, not Lion Electric – which is the target company. So you buy the SPAC, i.e. NGA, and when the merger happens, you become shareholder of Lion Electric.

wendlefly
Irregular
January 15, 2021 5:01 am

Hi

I am not sure about the SPAC you are asking about. However I find a site called SPACalpha a great place to follow newly created SPACs. I find getting in when they are created much better, because you get in at the trust cash level and get some warrants to boot. Just have to research the SPAC management and pick a team that may have a few under their belts.

👍 81

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