LOS ANGELES, Dec. 20, 2022 — B. Riley Securities, Inc., a leading
full-service investment bank, was pleased to serve as lead left bookrunner to
the Lion Electric Company (NYSE: LEV) ("Lion" or the
"Company") in its successful Follow-On Offering which resulted in
gross proceeds of US$50 million to Lion Electric. The Company intends to use
the net proceeds of the Offering to strengthen its financial position, and
allow it to continue to pursue its growth strategy, including the Company's
capacity expansion projects in Joliet, Illinois and Mirabel, Québec.
Lion is a leading manufacturer of all-electric medium and heavy-duty urban
vehicles. The Company creates, designs and manufactures all-electric class 5 to
class 8 commercial urban trucks and all-electric buses and minibuses for the
school, paratransit and mass transit segments.
The B. Riley Securities deal team included Jimmy Baker, Patrice McNicoll,
Matthew Feinberg, Patrick Hanniford and Connor Boyle.
About Lion Electric, Inc.
Lion is a North American leader in electric transportation and designs, builds
and assembles many of its vehicles' components, including chassis, battery
packs, truck cabins and bus bodies. For more information visit https://thelionelectric.com.
About B. Riley Securities,
Inc.
B. Riley Securities provides a full suite of investment banking, corporate
finance, advisory, research, and sales and trading services. Investment banking
services include initial, secondary and follow-on offerings, institutional
private placements, merger and acquisition (M&A) advisory, SPACs, corporate
restructuring and recapitalization. B. Riley is nationally recognized and
highly ranked for its proprietary small-cap equity research. The firm is a
wholly owned subsidiary of B. Riley Financial. For more information, visit brileysecurities.com.
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