The Lion Electric Company and Northern Genesis Acquisition Corp. to Merge
Vinson & Elkins advised The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, in its combination with Northern Genesis Acquisition Corp., a publicly traded special purpose acquisition company (SPAC) focused on a commitment to sustainability and strong alignment with environmental, social and governance principles.
Upon closing of the transaction, a wholly-owned subsidiary of Lion will merge with and into Northern Genesis, and Lion is expected to be listed on the New York Stock Exchange under the new ticker symbol “LEV.”
The V&E corporate team was led by partners John Kupiec, Ramey Layne and Scott Rubinsky and senior associates Stancell Haigwood and Raleigh Wolfe with assistance from associates Julie Bontems, Matt Hortenstine, Jonathan Villa and Danny Wicoff. Also advising were counsel Julia Petty, partners Jason McIntosh and Natan Leyva and associate Curt Wimberly.
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