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NGA The NEXT EV Spac To Blow Up

Dec. 13, 2020 1:35 PM ETLEV, AMZN, NKLA, GE, TAP, WM
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  • NGA to merge with Lion Electric.
  • 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.
  • Lion Electric has 6000 orders in place with Amazon (AMZN) Waste Connections (WCN) and Molson Coors (TAP).

Lions vehicles are purpose-built for electricity and entirely designed and assembled in house. Lion Electric is a very diverse company. They not only produce EV busses and produce trucks and batteries. What interests me most about Lions is all the deals they have in place. It's not like trash $NKLA, who had a single deal with GM Lion, has dealt with big companies, including Amazon, the biggest company in the world. Lion electric also has a facility in place and 8 new vehicles coming out. This company is bound to pop off anytime pre or post-merger. 


One of the founders, Christopher Jarratt, has served on the board as non-exectuve chairman since June of 2020. Mr. Jarratt brings more than 30 years of experience in the origination, development, and operations of global infrastructure investment initiatives. He is committed to the concept of best of class governance and sustainable investing. Mr. Jarratt currently serves on the Board of Directors of Atlantica Sustainable Infrastructure plc (formerly Atlantica Yield plc). Christopher Jarrat was the founder of Algonquin Power and Utilities, a private independent power developer formed in 1988 which was the predecessor organization to Algonquin Power & Utilities Corp. (TSX: AQN and NYSE: AQN), a publicly listed company traded on the TSX and NYSE, and has served as Executive Vice-Chair for Algonquin Power & Utilities Corp. since October 2009. He has over 30 years of engineering experience and design and is well qualified. Due to his business experience, connections, and relationships, he plays a huge role in Lion Electric. 

Michael Hoffman, one of our founders, has served as our President since July 2020. Mr. Hoffman is an active senior business professional. He is the founder of Stone Capital Partners, a private financing firm focused on North America's energy infrastructure and globally. He has more than 30 years of experience in the origination and execution of global infrastructure investment and is committed to the concept of sustainable investing. He received a BA and an MA from Northwestern University and an MBA from Harvard Business School. He is a co-author of the book “GREEN: Your Place in the New Energy Revolution.” Hoffman is a key player in the success of lion electric. He is very experienced in developing green energy and has a fantastic business resume; I think he is a vital lion electric vehicle being a successful electric vehicle business.

Lions key Investment Highlights

Lion already has 300+ vehicles on the road today with over 6 million miles driven; clearly, this company isn't a Nikola who made a fake product. These vehicles actually work and arent some prototype. Lion Electric has a manufacturing facility in Montreal that has the ability to produce 2500 vehicles per year. This $AMZN deal with for Lion Electric will be a huge game-changer for this company; if they are the lead electric vehicle producer for amazon delivery services, I could easily see this company be worth $80 a share, if retail investors even see the word amazon they will jump on this stock quicker then you could place a market order. Lion Electric already has purchase agreements for up to 2500 lion 6 and lion 8 trucks, and visibility on up to 6000 potential vehicle sales would be 4000 trucks and 2000 busses, Including 300+ purchase orders in hand a growing sales pipeline. 

Lion electric has 100 experienced engineers and technicians who all build the vehicles in-house with their own chassis, the body, cabin, and battery system, all 100% produced by Lion. 


Overall I think this company is at the beginning of its growth cycle, and I am super bullish. The company already has a product and orders on the way. It is not profitable yet, but it eventually will be in the upcoming years. They have the partners and the funds to be a huge contributor in the electric vehicle space, and they have a strong management team. The company's opportunities are endless, and once the retail investors get a hold of this company, it will go to the moon. Lion Electric is planning to merge in Q1 of 2021, and their ticker will be listed on the NYSE as $LEV. This company is super interesting, and I'm excited to see it grow. 

Analyst's Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in NGA over the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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