# EDGAR Filing Document

**Accession Number:** 0001834974
**File Stem:** 0001193125-23-009164
**Filing Date:** 2023-1
**Character Count:** 9103
**Document Hash:** 1e3b96da15a0e39c85d21a150edd1e7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-009164.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001193125-23-009164

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230117

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lion Electric Co
- **CENTRAL INDEX KEY:** 0001834974
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **IRS NUMBER:** 611869919
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40387
- **FILM NUMBER:** 23530910

**BUSINESS ADDRESS:**
- **STREET 1:** 921, CHEMIN DE LA RIVIERE-DU-NORD
- **CITY:** SAINT-JEROME
- **STATE:** A8
- **ZIP:** J7Y 5G2
- **BUSINESS PHONE:** (450) 432-5466

**MAIL ADDRESS:**
- **STREET 1:** 921, CHEMIN DE LA RIVIERE-DU-NORD
- **CITY:** SAINT-JEROME
- **STATE:** A8
- **ZIP:** J7Y 5G2

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM 6-K**

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**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of January 2023** 

**Commission File Number: 001-40387** 

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## THE LION ELECTRIC COMPANY
**(Translation of registrant's name into English)** 

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**921 chemin de la Rivière-du-Nord**

**Saint-Jérôme (Québec) J7Y 5G2** 

**(Address of principal executive office)** 

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit <br>Number** | **Description of Exhibit** |
| 99.1 | [Press Release dated January 17, 2023](d313136dex991.htm) |

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **THE LION ELECTRIC COMPANY** | **THE LION ELECTRIC COMPANY** |
| Date: January 17, 2023 | By: | /s/ Nicolas Brunet |
|  | Name: | Nicolas Brunet |
|  | Title: | Executive Vice President & Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**![LOGO](g313136g0117193606722.jpg)

For immediate release

**LION ELECTRIC ANNOUNCES FULL EXERCISE AND CLOSING OF OVER-ALLOTMENT** 

**OPTION IN CONNECTION WITH PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF** 

**UNITS** 

*This news release constitutes a "designated news release" for the purposes of the Company's prospectus* 

*supplement dated June 17, 2022 to its short form base shelf prospectus dated June 17, 2022.* 

MONTREAL, January 17, 2023 - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that in connection with its previously announced public offering (the "Offering") of 19,685,040 units (the "Units") completed on December 16, 2022, the underwriters of the Offering have exercised their over-allotment option in full to purchase an additional 2,952,755 Units at a price of US$2.54 per Unit. The issuance and sale of these additional Units closed earlier today. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (each a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one common share in the capital of the Company (each a "Warrant Share") at an exercise price of US$2.80 per Warrant Share for a period of five (5) years following December 16, 2022.

The sale of these additional Units resulted in aggregate gross proceeds to the Company of approximately US$7.5 million, which brings the aggregate gross proceeds to the Company from the Offering to approximately US$57.5 million before underwriting commissions and offering costs.

B. Riley Securities, Inc. and National Bank Financial Inc. acted as joint bookrunners for the Offering.

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.

**No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.** 

**ABOUT LION ELECTRIC** 

Lion Electric is an innovative manufacturer of zero-emission 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. 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.

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

*Page 1*

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![LOGO](g313136g0117193606722.jpg)

**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"). Any statements contained in this press release that are not statements of historical fact, including the intended use of proceeds from the Offering, are forward-looking statements and should be evaluated as such.

Forward-looking statements may be identified by the 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. Such forward-looking statements are based on a number of estimates and assumptions that the Company believes are reasonable when made and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. Such estimates and assumptions are made by the Company 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. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this press release, including, among other factors, those risk factors identified in the offering documents relating to the Offering and the documents incorporated by reference therein. Readers are cautioned to consider these and other factors carefully when making decisions with respect to the Units and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that the Company considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Company. Except as may be expressly required by applicable law, the Company does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. All of the forward-looking statements contained in this press release are expressly qualified by the foregoing cautionary statements.

**<u>CONTACTS:</u>**

Isabelle Adjahi

Vice President, Investor Relations and Sustainable Development

<u>Isabelle.Adjahi@thelionelectric.com</u>

450-432-5466, extension 171

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