KANSAS CITY, Mo – (BUSINESS WIRE) – Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded particular goal acquisition firm (“Northern Genesis”), and Lion Electrical, an modern producer of zero-emission automobiles, right this moment introduced that Lion Electrical’s registration assertion on Kind F-4 (File No. 333-251847), regarding the beforehand introduced enterprise mixture, has been declared efficient by america Securities and Trade Fee. Northern Genesis has begun mailing the ultimate Administration Proxy Round / Prospectus regarding the Particular Assembly of Shareholders of Northern Genesis (the “Particular Assembly”).

The particular assembly to approve the present enterprise mixture is scheduled for Friday, April 23, 2021 at 10:00 a.m. Japanese Time. The particular assembly can be fully digital and can happen reside on the internet. Holders of Northern Genesis Widespread Shares on the shut of enterprise on the Document Date of March 18, 2021 are entitled to be referred to as to the Digital Particular Assembly and to vote on the Digital Particular Assembly.

If the proposals on the particular assembly are permitted, the events anticipate that the enterprise mixture will shut shortly thereafter, topic to the satisfaction or waiver (if any) of all different closing circumstances.

Northern Genesis shareholders who want help voting or have questions relating to the Particular Assembly might contact Northern Genesis’ lawyer, DF King & Co., Inc., by phone at (888) 605-1958 or by e-mail [email protected] For help in French, shareholders can name (866) 822-1243 or ship an e-mail to [email protected]

About Northern Genesis Acquisition Corp.

Northern Genesis Acquisition Corp. (NYSE: NGA) is a particular goal acquisition firm fashioned for the aim of effecting a merger, inventory alternate, acquisition, reorganization or comparable enterprise mixture with a number of corporations. The Northern Genesis management staff brings a novel entrepreneurial mindset and a confirmed observe file of making shareholder worth throughout the sustainable power and power worth chain. Northern Genesis is dedicated to serving to the following nice public firm discover its method to success; a path that may undoubtedly acknowledge the rising sensitivity of shoppers, staff and buyers to alignment with the ideas that underpin sustainability.

About The Lion Electrical Firm

The Lion Electrical Firm is an modern producer of zero emission automobiles. The corporate designs, designs and manufactures Class 5-8 industrial city vehicles and totally electrical buses and minibuses for the college, paratransit and transit segments. Lion is a North American chief in electrical transportation and designs, builds and assembles all of its car parts, together with chassis, battery packs, truck cabs and bus our bodies.

At all times on the lively seek for new and dependable applied sciences, Lion automobiles have distinctive traits particularly tailored to its customers and their each day wants. Lion believes that the transition to totally electrical automobiles will result in main enhancements in our society, the environment and our total high quality of life.

Vital info and the place to search out it

In reference to the proposed enterprise mixture, Lion Electrical has filed a registration assertion on Kind F-4 with the SEC which was declared efficient on March 24, 2021 (the “registration assertion”), which features a Northern Genesis Administration Proxy Round and a Lion Electrical Prospectus. The registration assertion has been declared efficient by the SEC and the ultimate proxy round / prospectus has been despatched to the shareholders of Northern Genesis. Traders and safety holders of Northern Genesis and different events are urged to learn the registration assertion and the ultimate proxy assertion / prospectus (the “Joint proxy assertion / prospectus”), any modification to the foregoing and some other paperwork filed with the SEC, when accessible, as they may comprise materials details about Lion Electrical, Northern Genesis and the proposed enterprise mixture. Traders and holders of securities of Northern Genesis might receive copies of the joint proxy assertion / prospectus and different paperwork filed with the SEC by Northern Genesis and Lion Electrical freed from cost by means of the web site maintained by the SEC at ‘following tackle: www.sec.gov or by directing a request to: Northern Genesis Acquisition Corp., 4801 Predominant Road, Suite 1000, Kansas Metropolis, MO 64112 or (816) 514-0324. The knowledge contained in or accessible by means of the web sites referenced on this press launch just isn’t integrated by reference and doesn’t type a part of this press launch.

Individuals within the solicitation

Northern Genesis and its administrators and senior officers and others could also be deemed to have participated within the proxy solicitations of the shareholders of Northern Genesis in respect of the proposed enterprise mixture. Lion Electrical and its officers and administrators can also be thought-about individuals in any such solicitation. Info relating to the administrators and officers of Northern Genesis is out there underneath the heading “Administrators and Officers” in its Annual Report on Kind 10-Ok which was filed with the SEC on March 9, 2021. Extra Info Concerning Solicitation Individuals of proxies and an outline of their direct and oblique pursuits, by title or in any other case, which can, in some instances, be completely different from these of their shareholders typically, is contained within the joint proxy assertion / prospectus and can be contained in different related paperwork to be filed with the SEC in reference to the proposed enterprise mixture when accessible. Shareholders, potential buyers and different individuals ought to rigorously learn the joint proxy assertion / prospectus earlier than making any voting or funding choices. These paperwork may be obtained freed from cost from the sources indicated above.

No provide or solicitation

This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities or a solicitation of a vote or approval. No provide of securities, aside from the concomitant personal placement of Lion shares as described within the registration assertion, could also be made, besides by the use of a prospectus assembly the necessities of Article 10 of the Regulation on securities.

Ahead-looking statements

All statements aside from statements of historic truth contained on this press launch represent “forward-looking statements” (which should embrace forward-looking info inside the that means of Canadian securities legal guidelines) inside the that means of part 27A of the Canadian Securities Act. securities. Ahead-looking statements can usually be recognized by means of phrases reminiscent of “consider”, “might”, “will”, “proceed”, “anticipate”, “intend”, “count on”, “ought to “,” Can be, “” might “,” plan “,” mission “,” potential “,” seem “,” search “,” future “,” goal “or different comparable expressions which predict or point out occasions or future tendencies or that aren’t statements of historic issues, though not all forward-looking statements comprise such figuring out phrases. These forward-looking statements embrace, however should not restricted to, statements relating to the transaction, together with with respect to the timing and shutting thereof and the power to finish the transaction. These statements are primarily based on varied assumptions, whether or not or not recognized on this press launch, and on the present expectations of the administration of Lion Electrical and Northern Genesis and should not pre actual efficiency visions. Ahead-looking statements contain inherent dangers and uncertainties, most of that are troublesome to foretell and lots of of that are past the management of Lion Electrical and Northern Genesis, and are primarily based on a lot of assumptions, in addition to different components. that Lion Electrical and Northern Genesis consider it’s applicable and affordable within the circumstances, however there may be no assurance that such estimates and assumptions will show to be appropriate or that Lion Electrical’s imaginative and prescient, enterprise, aims, plans and techniques can be appropriate. achieved. There are various dangers and uncertainties that would trigger Lion Electrical’s precise outcomes, efficiency or achievements or future occasions or developments to vary materially from these expressed or implied within the forward-looking statements, together with the components mentioned within the registration assertion and the proxy assertion / joint prospectus, in addition to different paperwork filed or to be filed by Lion Electrical or Northern Genesis in accordance with relevant securities legal guidelines. These components should not meant to symbolize a whole record of things that would have an effect on Northern Genesis or Lion Electrical, and there could also be extra dangers that neither Northern Genesis nor Lion Electrical is presently conscious of or that Northern Genesis and Lion Electrical presently consider are intangible that would additionally trigger precise outcomes to vary from these contained in forward-looking statements. As well as, forward-looking statements mirror the expectations, plans or forecasts of Northern Genesis and Lion Electrical relating to future occasions and opinions as of the date of this press launch. Northern Genesis and Lion Electrical anticipate that subsequent occasions and developments will alter their respective assessments. Nonetheless, though Northern Genesis and Lion Electrical might resolve to replace these forward-looking statements at a while sooner or later, Northern Genesis and Lion Electrical don’t have any intention and assume no obligation to take action, besides as required by legislation. relevant requires it. These forward-looking statements shouldn’t be taken as representing the assessments of Northern Genesis and Lion Electrical as of any date subsequent to the date of this press launch.