Lion Electric Co (The) Stock News

MONTREAL , Jan. 3, 2025 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company") announced today a reduction of its workforce through temporary layoffs of approximately 150 employees, in both Canada and the United States, across all departments within the organization. Following this workforce reduction, Lion will have approximately 160 employees who will mainly...

MONTREAL , Dec. 19, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and its subsidiaries protection under the Compa...

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below (“Securities”) of The Lion Electric Company (the “Company”) from the Exchange. Trading in the Company's Securities will be suspended immediately. Symbol Description LEV Common Shares...

MONTREAL , Dec. 18, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company and its subsidiaries have applied to the Superior Court of Quebec (Commercial Division) (the "Court") for an initial order to seek protection from their creditors under th...

Electric bus and truck maker Lion Electric has said it expects to seek creditor protection after defaulting on debt. Protection under the Companies' Creditors Arrangement Act would be sought in order to allow a restructuring of the business and formal sales process, Lion Electric said Tuesday.

Company to initiate restructuring proceedings under the CCAA MONTREAL , Dec. 17, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a s...

Net proceeds to be used towards partial repayment of the Company's senior secured non-convertible debentures issued in July 2023 MONTREAL , Dec. 5, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has reached a definitive agreement with Aéroport de ...

Lion Electric shares surged on Monday after the Quebec-based electric school bus manufacturer announced that it has extended debt deadlines with its lenders and has temporarily laid off more than half of its workforce. The company's stock had added 135% at C$0.60 mid-morning on the update.