Lion Electric Co (fka LEVGQ)

[daleb2130]

I'm not exactly sure how these work. But I think they will still be NGA with Lyon part of their portfolio. I believe they are working on Other Mergers.


Special Purpose Acquisition Company (SPAC) Definitionwww.investopedia.com › terms › spac
Nov 24, 2020 — A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.

How does a SPAC work?
How a SPAC Works. ... SPACs seek underwriters and institutional investors before offering shares to the public. The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated.Nov 24, 2020