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Financial report summary
?Management Discussion
- We have neither engaged in any operations (other than seeking Business Combination opportunities after our Initial Public Offering) nor generated any revenues to date. Our only activities from May 27, 2020 (inception) through December 31, 2020 were organizational activities, the Initial Public Offering, identifying a target for our Business Combination, and activities in connection with the proposed acquisition of Lion Electric. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), and in connection with our pursuit of a Business Combination.