Overview

• A group of investors has submitted a revised offer to purchase Lion Electric, contingent on the renewal of Quebec's electric school bus subsidies.
• The Quebec government previously halted further funding for Lion Electric, leading to the collapse of an earlier acquisition deal.
• The renewed subsidy program, critical to Lion Electric’s operations, was agreed upon between the investors and the Quebec government last week.
• Lion Electric, which sought creditor protection in December 2024, has laid off all but 12 employees and ceased operations at its Illinois plant.
• The court-appointed monitor is seeking an extension until Friday to finalize the deal and prevent the company’s liquidation.