Lion Electric (LEV) closes financing transactions after raising $142M
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Lion Electric (LEV) Closes $142M Financing
July 19, 2023 9:42 AM EDTThe Lion Electric Company (NYSE: LEV) 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 (the "Financing").
The Financing consisted in (i) the issuance by way of private placement to a group of subscribers comprised of Investissement Québec, Fonds de solidarité des travailleurs du Québec (F.T.Q.) and Fondaction of 13% senior unsecured debentures that... More
Lion Electric (LEV) Announces Financing Transactions For Approximate Aggregate Gross Proceeds Of US$142 Million
July 17, 2023 7:31 AM EDTThe 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 has entered into subscription agreements with investors contemplating concurrent financing transactions for aggregate gross proceeds to the Company of approximately US$142 million (the "Financing"). The Financing consists of (i) the issuance by way of private placement of 13% senior unsecured convertible debentures for aggregate gross proceeds to the Company of approximately US$74 million (the "Convertible... More
