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
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
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.
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.