LION ELECTRIC OBTAINS CREDITOR PROTECTION UNDER CCAA

Written by Emily J. Thompson, Senior Investment Analyst

LEV%

Source: Newsfilter

Updated: Dec 19 2024

0mins

Source: Newsfilter

Company Restructuring: The Lion Electric Company has received an initial order from the Superior Court of Quebec for protection under the Companies' Creditors Arrangement Act (CCAA) to assist in its restructuring efforts, with Deloitte appointed as the monitor.
Trading Suspension: Trading of Lion's shares on the TSX and NYSE has been suspended, and the company is undergoing a sale and investment solicitation process to determine the best transaction for its business and stakeholders.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

LION ELECTRIC OBTAINS CREDITOR PROTECTION UNDER CCAA

About the author

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