Northern Genesis Acquisition Corp. Redeemable Warrants each warrant exercisable for shares of common stock at an exercise price of $11.50 per share NGA.WS

RE:RE:Share Conversion??

[WallaceFlint]

Wrote to NGA and here is the answer:

Thank you for your interest in NGA/Lion Electric.

 

If the proposed business combination goes through all NGA shares will convert automatically 1:1 into shares of LEV on the date of transaction closing. The closing price of NGA on the date of closing will be the new price of LEV on the opening of trading, so if you own 6 shares of NGA purchased at any price, on the date of closing they would become 6 shares of LEV at the same price NGA was trading at on the date of closing (if NGA traded at $15.67 LEV will start trading at $15.67, if NGA traded at $34.56 then LEV will start trading at $34.56, etc.). After the merger there will no longer be any NGA shares (the ticker will go away). The $10 initial price for Lion was for the original merger agreement when struck back in November.