An SEC warning about SPAC accounting errors has not only chilled the red-hot market but triggered the first of what could be a flood of financial restatements by the popular blank-check companies.
SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Northern Genesis Acquisition Corp.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Northern Genesis Acquisition Corp. (NYSE:NGA) (“Northern Genesis” or the “Company”) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Northern Genesis, a special purpose acquisition company, will combine with The Lion Electric Company (“Lion”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and result in Lion becoming a publicly-listed company.
Lion Electric In Merger Talks With Northern Genesis
The Lion Electric Co., a maker of electric vehicles such as yellow school buses, is in talks to go public through a merger with blank-check firm Northern Genesis Acquisition Corp., according to people with knowledge of the matter.