/PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban.
The Lion Electric Co (NYSE: LEV) shares are trading higher Monday after the company announced it entered into subscription agreements with investors
The Lion Electric Company announced that it has entered into an agreement to issue 13% senior unsecured convertible debentures for aggregate gross proceeds of CAD 97,785,820 and 11% senior secured.
The company intends to use the net proceeds from the financing to fund working capital, strengthen its financial position, and pursue its growth strategy.