Lion Electric Company (LEV) has released an update.
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Lion Electric Company has announced the sale of its innovation center in Mirabel, Québec to Aéroport de Montreal for C$50 million. The proceeds will be used to partially repay its senior secured non-convertible debentures, potentially reducing long-term debt without affecting short-term liquidity. This strategic move highlights Lion’s financial maneuvering capabilities in the competitive electric vehicle market.
For further insights into LEV stock, check out TipRanks’ Stock Analysis page.
