Einride AB to Go Public via Business Combination With Legato Merger Corp. III

Embark Trucks to Go Public via Merger with Northern Genesis Acquisition Corp. II

June 23, 2021

Cloud & SaaS

Embark Trucks, an autonomous trucking software-as-a-service company, entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (a SPAC) to become a publicly listed company. The deal is expected to provide approximately $614 million in gross cash proceeds, including cash in trust and a $200 million fully committed PIPE led by major anchor investors.

Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III

March 17, 2022

Energy

Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.

AEA-Bridges Impact Corp Completes Business Combination with LiveWire (Harley‑Davidson EV Division)

September 27, 2022

Automotive

AEA-Bridges Impact Corp (ABIC) completed a business combination with LiveWire EV, the electric motorcycle division of Harley‑Davidson, creating publicly listed LiveWire Group, Inc. The transaction raised about $334 million in gross proceeds and LiveWire began trading on the NYSE under the ticker LVWR; Harley‑Davidson carved out the EV division as part of the deal.

EVgo Completes Business Combination with Climate Change Crisis Real Impact I Acquisition Corporation

July 1, 2021

Transportation

EVgo Services, LLC completed its previously announced business combination with Climate Change Crisis Real Impact I Acquisition Corporation (CLII), resulting in EVgo becoming a public company. The transaction included approximately $230 million from CLII’s trust account and about $400 million from a PIPE anchored by institutional investors including PIMCO and asset managers such as BlackRock, Wellington, Neuberger Berman, and Van Eck.

EQT Infrastructure VI to Acquire Eagle Railcar Services

April 1, 2025

Transportation

EQT announced it has entered into a definitive agreement to acquire Eagle Railcar Services, a North America-based provider of regulatorily mandated railcar repair and maintenance services. The deal is expected to close in Q2 2025 and EQT plans to partner with Eagle’s management to support growth, operational excellence, automation/digitization, and geographic expansion.

Lion Electric Completes Business Combination with Northern Genesis Acquisition Corp.

May 6, 2021

Automotive

Lion Electric completed a business combination with special purpose acquisition company Northern Genesis Acquisition Corp., resulting in approximately US$490 million of net proceeds (including a concurrent PIPE). As a result of the transaction Lion began trading on the NYSE and TSX under the ticker LEV; the proceeds will be used to finance U.S. manufacturing expansion, develop battery systems and repay outstanding debt. Lion's founder and CEO Marc Bédard will continue to lead the company, and Northern Genesis directors Ian Robertson and Chris Jarratt joined the board.