Lion Electric Company (LEV) has released an update.
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Lion Electric Company has been granted creditor protection under the CCAA as it undergoes a restructuring process, with Deloitte Restructuring Inc. appointed as monitor. The company is seeking proposals for its business or assets to find the best transaction for stakeholders while its stock trading has been suspended pending review and delisting proceedings.
For further insights into LEV stock, check out TipRanks’ Stock Analysis page.
