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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

NYSE:NGA.WS - Post Discussion

Post by Dibah420 on May 03, 2021 8:51am

LEV: Total shares outstanding once it opens on NYSE?

I had sent an email to CEO Bedard asking the above. No I haven't had a response yet.  But the piece in Journal gives us a rough idea, as a minimum.  If you sum up the ownership of the six entities listed, it amounts to 136,860,000.  A conversion ratio of 4.1:1 was posted here. (33.4m?)  Currently there are about 40,000,000 O/S of NGA, which includes all of us.

You may well speculate what the opening price will be.

Cheers

p.s.  The relationship between Ringuet & Fitzgibbon, admittedly a blind trust, has the potential of becoming suspect.  I hope for the minister's sake it doesn't
Comment by Dibah420 on May 03, 2021 9:30am
My apologies.  The ratio is 1:4.1289.
Comment by couples4 on May 03, 2021 10:47am
If we read the newspaper article carefully,the value attributed to Lion at the current price would be 1,5 billion.So the total share count would be around 80 millions.It surprised me a little to see that.I was under the impression that we were getting quite close to 200 millions shares.If the numbers in the article are good,it changes a lot of things....but I still remain skeptical and I also send ...more  
Comment by Dibah420 on May 03, 2021 11:00am
couples4:  Sorry to add to the confusion.  I am looking at page 222 of " The Book"  Authorized Share Capital LION: there are currently 31,133,273 Lion Common Shares  (or, assuming completion of the Lion-Pre Closing Reorganization, 128,546,171  Lion Common Shares. Do let us know what you hear back from investor relations.
Comment by couples4 on May 03, 2021 11:18am
It looks a lot more like the numbers I had in mind.If we add to this count the shares from NGA(30 millions)we are at 160 millions shares.And I seem to have heard of a capital injection of $200 million,but it's vague.Wait to see if we have a response from management or PR
Comment by Dibah420 on May 03, 2021 11:35am
Current NGA is closer to 40m  (39.93m).  My count comes up to 168,476,171.
Comment by couples4 on May 03, 2021 12:52pm
If I'm referring to the first news release when they announced the merger (November 30th)the share count should be at least 190 millions.It said:"The pro forma implied market capitalization of the combined company is $1,9 billion at the 10$ per share PIPE subscription price"