Lion Electric (LEV) closes financing transactions after raising $142M
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LION ELECTRIC CLOSES PREVIOUSLY ANNOUNCED FINANCING TRANSACTIONS
July 19, 2023 9:42 AM EDTMONTREAL, July 19, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion"Â or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company has closed the previously announced financing transactions, resulting in aggregate gross proceeds to the Company of approximately US$142 million... More
LION ELECTRIC ANNOUNCES FINANCING TRANSACTIONS FOR APPROXIMATE AGGREGATE GROSS PROCEEDS OF US$142 MILLION
July 17, 2023 7:30 AM EDTThis news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 17, 2022 to its short form base shelf prospectus dated June 17, 2022.
Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;Company to extend the maturity of its senior credit facilities by one year to August, 2025 concurrently with closing;Company to cancel its ATM... More