Lion electric announces full exercise and closing of over-allotment option in connection with previously announced public offering of units

This 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. montreal , jan. 17, 2023 /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, today announced that in connection with its previously announced public offering (the "offering") of 19,685,040 units (the "units") completed on december 16, 2022, the underwriters of the offering have exercised their over-allotment option in full to purchase an additional 2,952,755 units at a price of us$2.54 per unit.
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