Northern Genesis Acquisition Corp. III (NGC.U) Prices $150M IPO


Northern Genesis Acquisition Corp. III (NGC.U) Prices $150M IPO

Northern Genesis Acquisition Corp. III announced the pricing of its $150 million IPO this morning and its units are expected to begin trading on the NYSE under the symbol “NGC.U” Wednesday, March 24.

The new company aims to combine with a business that is improving global sustainability with predictable revenue and little material technology risk. Northern Genesis II is led by CEO Ian Robertson, CFO Ken Manget, Chair Chris Jarratt, and President Michael Hoffman.

Total SPAC deal count for 2021 year-to-date is now 292. This offering is expected to close on Friday, March 26.

Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and TD Securities (USA) LLC are acting as the joint book-running managers for the offering. Husch Blackwell LLP is serving as Issuer’s Counsel with Goodwin Procter serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.