Northern Genesis Acquisition Corp. is a newly organized blank check company (SPAC) formed for the purpose of effecting a merger with one or more businesses.
NGA have 24 months to consummate an initial business combination. They have not identified any specific target business but said "While we may pursue a target business in any industry, we intend to initially concentrate on target businesses making a positive contribution to sustainability through the ownership, financing and management of societal infrastructure".
The $300m SPAC has 24 months to complete a business combination. Units consist of one common share and 1/2 a warrant. Underwriters are Raymond James and Early Bird.
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