Northern Genesis Acquisition Corp. (NGA.U) Prices $300M IPO

Northern Genesis Acquisition Corp. (NGA.U), announced the pricing of their $300 million SPAC IPO this evening and the shares are expected to begin trading tomorrow, Tuesday, August 18th, under the symbol NYSE: NGA.U.

Northern Genesis will be focusing on target businesses making a positive contribution to sustainability through the ownership, financing and management of societal infrastructure.  The team will be led by Michael Hoffman, as President, and Paul Dalglish, as Director and Non-Executive Chairman.

Total SPAC deal count for 2020 year-to-date is now 71 with $28.1 billion in gross proceeds raised. The offering is anticipated to close on Thursday, August 20, 2020.

Raymond James & Associates, Inc. and EarlyBirdCapital, Inc. are acting as the joint book running managers for the offering. Graubard Miller and Ellenoff Grossman & Schole LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.