LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAA
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Lion Electric Company has filed for creditor protection under the CCAA and plans to seek recognition in the US under Chapter 15 of the Bankruptcy Code.
December 18, 2024 | 12:45 pm
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Lion Electric Company has filed for creditor protection under the CCAA and plans to seek recognition in the US under Chapter 15 of the Bankruptcy Code.
The filing for creditor protection indicates financial distress, which is likely to negatively impact the stock price in the short term. The move to seek recognition in the US under Chapter 15 further emphasizes the severity of the situation.
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