The Lion Electric Company establishes ATM Program.
Auto Business News-June 20, 2022--The Lion Electric Company establishes ATM Program
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Auto Business News - 20 June 2022
The Lion Electric Company (NYSE: LEV) (TSX: LEV), a Canada-based company that manufactures all- electric medium and heavy-duty urban vehicles, has set up an 'at-the-market' equity program (ATM Program).
The ATM Program enables the firm to issue and sell, from time to time via a syndicate of agents, newly issued common shares of the firm having an aggregate sale price of up to USD125m at the company's discretion.
The firm has signed an Equity Distribution Agreement with Barclays Capital Inc., National Bank of Canada Financial Inc., BMO Capital Markets Corp., Desjardins Securities International Inc., Roth Capital Partners, LLC, Laurentian Capital USA...
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