| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|---------------------------|--------------------------------------|-------------------------|------------------------------------| | | Three \nJune 30, 2024 | months ended \nJune 30, 2023 | Six \nJune 30, 2024 | months ended \nJune 30, 2023 | | | $ | $ | $ | $ | | Net loss | (19,265,435) | (11,787,585) | (40,962,675) | (27,371,031) | | Basic weighted average number of common shares outstanding ...

The revolving credit agreement amendments provide for, among other things, the suspension of the financial covenants currently applicable under the revolving credit agreement until September 30, 2024 (the "covenant relief period"), namely the tangible net worth test and the springing fixed charge coverage ratio. In furtherance of such amendments, the Company will be required during the covenant relief period to maintain a minimum amount of available liquidity (calculated based on the maximum amount that can ...

The EV industry has seen slowed growth in the recent past as the rise in inflation, financial costs and increased consumer skepticism reduce demand and slow down sales growth. Many new industry entrants have also faced insurmountable challenges, with excessive cost overruns, failure to meet targets, and stiff competition making it difficult to break even. With this industry growth, there are a few undiscovered EV stocks that, while currently undervalued by Wall Street, have promised to deliver value in the ...

Lion Electric announces successful final certification of its LionBattery HD battery pack. (CNW Group/The Lion Electric Co.) Lion Electric announces successful final certification of its LionBattery HD battery pack. (CNW Group/The Lion Electric Co.) Lion had previously announced in December 2023 the certification of its medium-duty ("MD") battery pack, the LionBattery MD pack, specially designed for the company's medium-duty trucks and school buses. The LionBattery HD and MD packs are manufactured at Lion's ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Are you a former investor in Northern Genesis Acquisition Corp., now known as the The Lion Electric Company (NYSE: LEV)? If so, Monteverde & Associates PC ("Monteverde") encourages you to immediately contact Monteverde regarding the class action lawsuit filed by the firm in the United States District Court for the Southern District of New York, case no. 1:24-cv-02155 (the "Federal Class Action"). There is a June 10, 2024 deadline to seek to be appointed lead plain ...

Click here for more information: http://monteverdelaw.com/case/northern-genesis-acquisition- corporation/. It is free and there is no cost or obligation to you. Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, where ...

Highlights: Click here for media assets LAS VEGAS, May 21, 2024 /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, unveiled today the Lion8 Tractor, an all-electric Class 8 commercial truck, during the Advanced Clean Transportation (ACT) Expo, one of the largest conference and trade shows highlighting the most advanced transportation technologies and clean fuels available in the marketplace t ...

MONTREAL, May 15, 2024 /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 held its annual meeting of shareholders (the "Meeting") as a virtual meeting. A total of 124,783,928 common shares (representing approximately 55.16% of all issued and outstanding common shares of the Company) were represented online or by proxy at the Meeting. Lion hereby announces that shareholders of the Compan ...

The Lion Electric Company (LEV) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 71.43%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.12, delivering a surprise of -33.33%.Over the last four quarters, the company ha ...

The Lion Electric Company Condensed Interim Consolidated Financial Statements As at March 31, 2024 and for the three months ended March 31, 2024 and 2023 | Condensed | | Interim | Consolidated | Statements | of | Financial | Position | | | | 2 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Condensed | | Interim | Consolidated | Statements | of Loss | and | Comprehensive | Loss | | | 3 | | Condensed | | Interim | Consolidated | Statements | of | Changes | in Equity | | | | 4 | ...