$NGA entry PT 10-12 Price targets: 24-30-40 and higher
barrons.com/articles/another-ev-maker-is-going-public-this-one-is-trucks-and-buses-51606912200
After its deal with Northern Genesis Acquisition (ticker: NGA), Montreal-based Lion will also have nearly $500 million in cash to build a second production facility capable of producing more than 20,000 units annually as well as vertically integrate into the design and assembly of the battery modules and packs powering its vehicles.
Announced on Monday, the merger values Lion Electric at about $1.9 billion. Management expects the deal to close early next year, when the merger is complete Lion will begin trading on the New York Stock Exchange. The stock symbol will change from “NGA” to “LEV.”
After its deal with Northern Genesis Acquisition (ticker: NGA), Montreal-based Lion will also have nearly $500 million in cash to build a second production facility capable of producing more than 20,000 units annually as well as vertically integrate into the design and assembly of the battery modules and packs powering its vehicles.
Announced on Monday, the merger values Lion Electric at about $1.9 billion. Management expects the deal to close early next year, when the merger is complete Lion will begin trading on the New York Stock Exchange. The stock symbol will change from “NGA” to “LEV.”
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.