LION ELECTRIC OBTAINS CREDITOR PROTECTION UNDER CCAA
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Lion Electric Company has obtained creditor protection under the CCAA, with Deloitte Restructuring Inc. appointed as the monitor to assist in restructuring efforts.

December 19, 2024 | 12:45 pm
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Lion Electric Company has been granted creditor protection under the CCAA, indicating financial distress and the need for restructuring. Deloitte Restructuring Inc. will assist as the monitor.
The granting of creditor protection under the CCAA suggests significant financial difficulties for Lion Electric, which is likely to negatively impact its stock price in the short term. The appointment of Deloitte as a monitor indicates a structured approach to restructuring, but the immediate implication is financial instability.
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IMPORTANCE 90
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