How Lion Electric scrapped plans for a solo IPO, jumped on the SPAC bandwagon and ended up with a US

The Lion Electric Co. chose to forego plans for a solo initial public offering and instead pursued a listing on the New York Stock Exchange via a merger with an American blank-cheque company in an effort to accelerate its growth plans, according to the company’s founder. Saint-Jerome, Que.-based Lion Electric announced Monday its merging with Kansas City-based Northern Genesis Acquisition Corp., a special-purpose...