BLBD - SPAC Northern Genesis gains on LA School District Lion Electric bus order

SPAC Northern Genesis Acquisition (NGA) jumped 14% in premarket trading after Lion Electric said it secured an all-electric school bus order bus from the Los Angeles Unified School District.The Los Angeles School district is the second largest in the U.S. Initial order is for 10 LionC school buses, according to press release.In late November, Lion Electric announced it would go public through SPAC merger with Northern Genesis.Yesterday, EV school bus stocks ArcLight (ACTC) and Blue Bird (BLBD) rally on positive development.

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SPAC Northern Genesis gains on LA School District Lion Electric bus order