Bullboard - Stock Discussion Forum 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

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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 and Lion Electric merge... LEV

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Post by Melo66 on Apr 01, 2021 3:35pm

NGA and Lion Electric merge... LEV

New to this board since I've been aware of NGa thru Lion Electric. The new ticker symbol after the merge will be LVE and be traded on NYSE (not in Canada TSX ?).

Moreover, in the deal with Amazon, it says:

Under the terms of the deal, Lion Electric is required to reserve a portion of its manufacturing capacity for up to 500 trucks per year from 2021 to 2025. ... The SEC filing includes an option for Amazon to purchase common shares of Lion Electric at $5.66 and warrants to purchase shares at $23.36.

$5,66$ Do you see that has a potential SP downside after the merge?

Thanks in advance for your clarifications!

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Comment by Dibah420 on Apr 03, 2021 1:33pm

Melo66: Could you check your source again because the numbers don't make sense to me. Is it possible you have juxtaposed your warrants vs share price? i.e.: Warrants =$ 5.66 Shares =$23.36

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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