Northern Genesis Acquisition Corp. II
closedU=S+W/3W=S@11.50
EMBK
Capital Structure & Economics
Trust Size$300,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $300,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedDec 23, 2020
Target AnnouncedMay 25, 2023
Maturation Wall
Jan 15, 2023
Announced Target / M&A
- Target CompanyApplied Intuition, Inc.
- SectorAutonomous Driving Software
- Announced Deal Size$4,250,000,000
- Announcement Date2023-05-25
Board & Officers
- Alex RodriguesCEO
- Director
- Director
- Chris JarrattDirector
- Director
- Director
- Director
- Director
- Director
Advanced Structuring Terms
| Target Sectors | Autonomous Driving Software |
Syndicate & Advisors
- LEAD
- LEAD
- CIBC World Markets Corp.LEAD
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.