Lion Electric Shares Are Rising Monday: What's Going On?
Lion Electric Shares Are Rising Monday: What's Going On?
Lion Electric also announced temporary layoffs of approximately 400 employees across Canada and the United States, reducing its workforce to around 300 employees total. Remaining employees will focus on vehicle manufacturing, sales, delivery and servicing. The company noted that the workforce cut led it to suspend its manufacturing operations at its Joliet, Illinois facility. Lion Electric Company (NYSE:LEV) shares are trading higher Monday. The company announced amendments to senior credit instruments and workforce reductions. Here's what you need to know.
狮子电动公司（纽交所:LEV）股价周一上涨。该公司宣布对高级信贷工具和员工减少进行了修订。以下是您需要了解的内容。
What To Know: On Sunday, Lion Electric disclosed amendments to its senior revolving credit agreement and loan agreement with Finalta Capital and Caisse de dépôt et placement du Québec. The changes include extensions for financial covenant suspensions and maturity dates from Nov. 30 to Dec. 16.
要了解的信息: 上周日，狮子电动披露了其与Finalta Capital和魁北克存款及投资局的高级循环信贷协议和贷款协议的修订。 修改内容包括对财务契约暂停和到期日的延长，从11月30日延长至12月16日。
The company said additional liquidity from the amendments will provide Lion Electric with the means to meet minimum operational needs and continue exploring strategic alternatives. Such may include restructuring obligations, asset sales or seeking creditor protection.
公司表示，修订的额外流动性将为狮子电动提供满足最低运营需求并继续探索战略性选择的手段。这可能包括重组义务、资产销售或寻求债权人保护。
Lion Electric also announced temporary layoffs of approximately 400 employees across Canada and the United States, reducing its workforce to around 300 employees total. Remaining employees will focus on vehicle manufacturing, sales, delivery and servicing. The company noted that the workforce cut led it to suspend its manufacturing operations at its Joliet, Illinois facility.
狮子电动还宣布暂时裁员约400名在加拿大和美国的员工，将其员工总数削减至约300人。剩余员工将专注于车辆制造、销售、交付和服务。公司指出，裁员导致其暂停位于伊利诺伊州朱利埃特的制造业务。
LEV Price Action: Lion Electric Company shares were up 64.1% at 31 cents at the time of writing, according to Benzinga Pro.
LEV 价格走势: 根据Benzinga Pro的数据，狮子电动公司股价在撰写本文时上涨了64.1%，达到31美分。
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译文内容由第三方软件翻译。
