Lion Electric Company (LEV) has released an update.
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Lion Electric Company has announced amendments to its senior credit agreements in an effort to manage its financial obligations. The changes include extending the suspension of financial covenants and removing the minimum liquidity requirement, but the company faces potential compliance challenges after November 30, 2024, which could lead to restructuring or asset sales. Investors are closely watching Lion’s next moves as it explores financing and strategic alternatives.
For further insights into LEV stock, check out TipRanks’ Stock Analysis page.
