Lion Electric Company Enters Subscription Agreements For Aggregate Gross Proceeds Of ~$142M
Portfolio Pulse from Benzinga Newsdesk
Lion Electric Company has entered into subscription agreements for aggregate gross proceeds of approximately $142 million.
July 17, 2023 | 11:33 am
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POSITIVE IMPACT
Lion Electric Company's subscription agreements for aggregate gross proceeds of ~$142M could boost its financial position.
The subscription agreements will provide Lion Electric Company with approximately $142 million in gross proceeds. This could strengthen the company's financial position and potentially lead to positive investor sentiment, which may drive the stock price up in the short term.
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