Lion electric establishes cross-border us$125,000,000 atm equity program

Montreal , june 17, 2022 /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 it has established an "at-the-market" equity program (the "atm program") that allows the company to issue and sell, from time to time through a syndicate of agents, newly issued common shares of the company ("common shares") having an aggregate sale price of up to us$125 million (or the canadian dollar equivalent), at the company's discretion. in connection with the establishment of the atm program, the company entered into an equity distribution agreement (the "equity distribution agreement") with barclays capital inc., national bank of canada financial inc., bmo capital markets corp., desjardins securities international inc., roth capital partners, llc, laurentian capital usa, raymond james (usa) ltd.
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