Lion electric closes previously announced financing transactions

Montreal , july 19, 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, 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.
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