LEV - Lion Electric 01:28 AM - Dec 17 2020
by: Maverick

NGA - Lion Electric - DD (December 2020)

O/S: 40M
Trust: USD 400M 
SPAC website: northerngenesis.com

Target details:
Implied market cap @ 10/share: USD 1.9B
Investor Presentation: sec.report/Document/0001213900...
O/S after acquisition: 194M
Website: thelionelectric.com/en
News: thelionelectric.com/en/communi...

The Hotness: Zero-emission commercial vehicles already on the roads and revenue producing.  Numerous contracts in hand and in negotiation.
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Maverick - 3 years ago
We haven't had an update yet on the Amazon delivery - note date on PR is September 2020.  Says "this year."

prnewswire.com/news-releases/l...
Maverick - 3 years ago
The Washington state hashtag points towards Amazon (which Lion has on their website as one testing out their kit).  I picked this image up off of ST.  I think it's from LinkedIn, have not verified it myself.

image.png 506.28 KB
Maverick - 3 years ago
Good news for $NGA and $RMG

wsj.com/articles/nikola-ends-c...

"Republic Services confirmed via email that its deal with Nikola has been "terminated," noting that it is continuing its electric vehicle partnerships with truckmakers Mack, Peterbilt, and California battery startup Romeo Systems, in addition to making more vehicle purchases next year.
"We continue to believe that electrification is the future, the waste management company said. "We believe the opportunity to learn from and partner with Romeo will continue to provide additional opportunities that support our electrification strategy."

RMG mentioned by name, obviously.... NGA more of a stretch, but....

NGA (Lion Electric) makes-ish an EV garbage truck; thelionelectric.com/en/product...
Maverick - 3 years ago
DD from Reddit user - reddit.com/r/SPACs/comments/ka...
Maverick - 3 years ago
I'm a big fan of this one.  I'm in the warrants at 3.87.  Don't expect much to happen here until mid/late January, but should move really well going into merger date.  I like the valuation, as well.
Patrick M - 3 years ago
Do you plan on holding it longterm? 
Maverick - 3 years ago
@Patrick M - like most trades for me, this is a swing - so I'm looking to exit around or shortly after the merger date (guessing March 1).  Some of these SPACs have started having post-merger moves even higher than pre-merger, which is new....
Patrick M - 3 years ago
I'm in at 3.99 which is a bit high for my taste.  I like my warrants under $3 but this one is very promising.  

Lion Electric - LEV

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