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Lion Electric Shares Jump on Debt Deadlines Postponement, Temporary Layoffs

By MarketWatch   |   Dec 2, 2024 at 10:32 AM EST
Lion Electric Shares Jump on Debt Deadlines Postponement, Temporary Layoffs

Lion Electric's shares surged 29% in Toronto trading after announcing temporary layoffs and debt deadline extensions. The Montreal-based company will lay off 400 employees and extend debt agreements with lenders until Dec. 16.

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