NEWS RELEASE
NYSE to Commence Delisting Proceedings with
Respect to the Warrants of Lion Electric (LEV.WS)
2024-11-20
MONTREAL, Nov. 20, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the
"Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that
the sta
delist the Company's warrants with an expiration date of May 6, 2026 - ticker symbol LEV.WS - to purchase
common shares of the Company from the NYSE. Trading in the warrants was suspended immediately. Trading in
the Company's common shares - ticker symbol LEV - and another series of warrants with an expiration date of
December 15, 2027 - ticker symbol LEV.WS.A - will continue on the NYSE.
NYSE Regulation has determined that the warrants are no longer suitable for listing based on "abnormally low
selling price" levels, pursuant to Section 802.01D of the NYSE Listed Company Manual.
The Company is considering whether it will require a review of this determination by a Committee of the Board of
Directors of the NYSE. The NYSE will apply to the Securities and Exchange Commission to delist the warrants upon
completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation sta
decision.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of
applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of
1995 (collectively, "forward-looking statements"), including statements about Lion's beliefs and expectations and
other statements that are not statements of historical facts. Forward-looking statements may be identi
use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could,"
"plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other
statements that predict or indicate future events or trends or that are not statements of historical matters,
although not all forward-looking statements may contain such identifying words. The forward-looking statements
contained in this press release are based on a number of estimates and assumptions that Lion believes are
reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of
management and their perception of historical trends, current conditions and expected future developments, as
well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no
assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking
statements involve risks and uncertainties because they relate to events and depend on circumstances that may or
may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties
underlying certain of the forward-looking statements made in this press release, please consult section 23.0
entitled "Risk Factors" of the Company's annual management's discussion and analysis of
results of operations (MD&A) for the
regulatory securities authorities and the Securities and Exchange Commission, including the Company's interim
MD&As. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking
statements attributable to Lion or persons acting on its behalf are expressly quali
cautionary statements contained and risk factors identi
and in other documents
Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue
reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date
they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly
disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new
information, future events or otherwise.
View original content:https://www.prnewswire.com/news-releases/nyse-to-commence-delisting-proceedings-
with-respect-to-the-warrants-of-lion-electric-levws-302310963.html
SOURCE The Lion Electric Co.
Attachments
Disclaimer
The Lion Electric Company published this content on November 20, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 20, 2024 at 11:34:31.838.
