Northern Genesis Acquisition Corp. II Announces Pricing of Upsized $360 Million Initial Public Offering
13 Januar 2021 - 12:33AM
Northern Genesis Acquisition Corp. II (the “Company”) announced
today that it priced its upsized initial public offering of
36,000,000 units at $10.00 per unit. The units are expected be
listed on the New York Stock Exchange (“NYSE”) and are expected to
begin trading tomorrow, Wednesday, January 13, 2021, under the
ticker symbol “NGAB.U”. Each unit consists of one share of the
Company’s common stock and one-third of one redeemable warrant,
each whole warrant entitling the holder thereof to purchase one
share of common stock at a price of $11.50 per share. Only whole
warrants are exercisable. Once the securities comprising the units
begin separate trading, the common stock and warrants are expected
to be listed on the NYSE under the symbols “NGAB” and “NGAB WS,”
respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. Although the Company may pursue an
acquisition opportunity in any business or industry, it intends to
focus on opportunities whose business model demonstrates clear
commitments to sustainability and strong alignment with
environmental, social and governance principles.
J.P. Morgan Securities LLC, Barclays Capital Inc. and CIBC
Capital Markets are acting as the joint book running managers for
the offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 5,400,000 units at the
initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from: J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, by telephone at (866)
803-9204 or by email at prospectus-eq_fi@jpmchase.com; Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by
email at barclaysprospectus@broadridge.com; CIBC World
Markets Corp., Attn: USE Prospectus Department, 425 Lexington Ave,
5th floor, New York, NY 10017, by telephone at (800) 282-0822 or by
email at useprospectus@cibc.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission (“SEC”) on January 12, 2021. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is expected to close January 15, 2021, subject to
customary closing conditions.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the Company’s search for an initial business
combination. No assurance can be given that the offering discussed
above or the Company’s initial business combination will be
completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement for
the offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Investor Relations Investors@northerngenesis.com
816-514-0324
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