Lion Electric applies to Quebec court for protection from creditors under CCAA [Globe and Mail, The (Toronto, Canada)]
The Lion Electric Company Common Shares (LEV)
Company Research
Source: Globe and Mail, The
decrease has applied to the Superior Court of Quebec for protection from creditors under the Companies' Creditors Arrangement Act. The electric school bus maker also says it plans to seek recognition of the CCAA proceedings in the U.S. under Chapter 15 of the Bankruptcy Code. In its application to the Quebec court for an initial order, the company is seeking approval of a formal sale and investment solicitation process. Approval is also being sought for the appointment of Deloitte Restructuring Inc. as the monitor to oversee the process. The filing for credit protection comes after the company said Monday that it had defaulted on its debt. The company temporarily laid off 400 employees and shut down production at its Illinois plant earlier this month after getting a two-week reprieve from its lenders to explore its alternatives. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, wri
Show less
Read more
Impact Snapshot
Event Time:
LEV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LEV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LEV alerts
High impacting The Lion Electric Company Common Shares news events
Weekly update
A roundup of the hottest topics
LEV
News
- EV Startups on a Rough Road: Lion Electric Becomes the Latest Casualty [Yahoo! Finance]Yahoo! Finance
- LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAA [Yahoo! Finance]Yahoo! Finance
- LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAAPR Newswire
- Lion Electric Expects Bankruptcy Filing Amid EV Pushback [Yahoo! Finance]Yahoo! Finance
- Lion Electric to file for bankruptcy protection after failing to find new investor backing [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
LEV
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/6/24 - Form 25-NSE
- LEV's page on the SEC website