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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



NYSE:NGA.WS - Post by User

Comment by Dibah420on Mar 05, 2021 9:47am
198 Views
Post# 32726826

RE:So, what's going on?

RE:So, what's going on?No you haven't missed any news.  There are still 25 days left in March.  There has been some serious decline in s/p for almost ALL EV's.  There is even more negative sentiment and punditry on SPACs.  Mad money is chasing $hitcoins.
I expect LEV to stay grounded even after listing on NYSE although that catalyst will bring a lot more eyes on the company.  Once it is viewed no longer as a speculative SPAC but as a regular enterprise with products, sales, cash flows earnings etc it will grind up slowly.  Keep in mind that it is backed by powerhouses like POW and firm orders from the likes of AMZN.  Next catalysts will be more orders and news of approval for a US manufacturing plant.
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