lev-202409300001834974falseSeptember 30, 202412/31P15DP15DP15DP15Diso4217:USDiso4217:USDxbrli:sharesxbrli:sharesxbrli:pureiso4217:CADlev:tradingDayutr:Diso4217:CADxbrli:shareslev:segmentlev:customer00018349742024-01-012024-09-3000018349742024-09-3000018349742023-12-3100018349742024-07-012024-09-3000018349742023-07-012023-09-3000018349742023-01-012023-09-300001834974ifrs-full:IssuedCapitalMember2023-12-310001834974ifrs-full:SharePremiumMember2023-12-310001834974ifrs-full:RetainedEarningsMember2023-12-310001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2023-12-310001834974ifrs-full:SharePremiumMember2024-01-012024-09-300001834974ifrs-full:IssuedCapitalMember2024-01-012024-09-300001834974ifrs-full:RetainedEarningsMember2024-01-012024-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2024-01-012024-09-300001834974ifrs-full:IssuedCapitalMember2024-09-300001834974ifrs-full:SharePremiumMember2024-09-300001834974ifrs-full:RetainedEarningsMember2024-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2024-09-300001834974ifrs-full:IssuedCapitalMember2022-12-310001834974ifrs-full:SharePremiumMember2022-12-310001834974ifrs-full:RetainedEarningsMember2022-12-310001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2022-12-3100018349742022-12-310001834974ifrs-full:SharePremiumMember2023-01-012023-09-300001834974ifrs-full:IssuedCapitalMember2023-01-012023-09-300001834974ifrs-full:RetainedEarningsMember2023-01-012023-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2023-01-012023-09-300001834974ifrs-full:IssuedCapitalMember2023-09-300001834974ifrs-full:SharePremiumMember2023-09-300001834974ifrs-full:RetainedEarningsMember2023-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2023-09-3000018349742023-09-3000018349742024-06-3000018349742023-06-300001834974lev:MachineryAndEquipmentsMember2023-01-012023-12-310001834974lev:MachineryAndEquipmentsMember2024-01-012024-09-300001834974ifrs-full:BottomOfRangeMember2024-01-012024-09-300001834974ifrs-full:TopOfRangeMember2024-01-012024-09-300001834974lev:PremisesMember2023-12-310001834974lev:RollingStockMember2023-12-310001834974ifrs-full:ComputerEquipmentMember2023-12-310001834974lev:PremisesMember2024-01-012024-09-300001834974lev:RollingStockMember2024-01-012024-09-300001834974ifrs-full:ComputerEquipmentMember2024-01-012024-09-300001834974lev:PremisesMember2024-09-300001834974lev:RollingStockMember2024-09-300001834974ifrs-full:ComputerEquipmentMember2024-09-300001834974lev:PremisesMember2022-12-310001834974lev:RollingStockMember2022-12-310001834974ifrs-full:ComputerEquipmentMember2022-12-310001834974lev:PremisesMember2023-01-012023-12-310001834974lev:RollingStockMember2023-01-012023-12-310001834974ifrs-full:ComputerEquipmentMember2023-01-012023-12-3100018349742023-01-012023-12-3100018349742023-02-022023-02-020001834974lev:AdministrativeExpensesMember2024-07-012024-09-300001834974lev:AdministrativeExpensesMember2023-07-012023-09-300001834974lev:AdministrativeExpensesMember2024-01-012024-09-300001834974lev:AdministrativeExpensesMember2023-01-012023-09-300001834974lev:SellingExpensesMember2024-07-012024-09-300001834974lev:SellingExpensesMember2023-07-012023-09-300001834974lev:SellingExpensesMember2024-01-012024-09-300001834974lev:SellingExpensesMember2023-01-012023-09-300001834974ifrs-full:CostOfSalesMember2024-07-012024-09-300001834974ifrs-full:CostOfSalesMember2023-07-012023-09-300001834974ifrs-full:CostOfSalesMember2024-01-012024-09-300001834974ifrs-full:CostOfSalesMember2023-01-012023-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2024-07-012024-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2023-07-012023-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2024-01-012024-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2023-01-012023-09-300001834974lev:FinancialAssetsCashMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2024-09-300001834974lev:FinancialAssetsCashMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2023-12-310001834974ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2024-09-300001834974ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2023-12-310001834974lev:GovernmentAssistanceReceivablesSupportProgramForTheDeploymentOfElectricSchoolBusesAndZeroEmissionTruckAndBusProgramMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2024-09-300001834974lev:GovernmentAssistanceReceivablesSupportProgramForTheDeploymentOfElectricSchoolBusesAndZeroEmissionTruckAndBusProgramMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:FinancialAssetsTradeAndOtherPayablesMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:FinancialAssetsTradeAndOtherPayablesMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:LongTermDebtOtherMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:LongTermDebtOtherMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:WarrantsMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:WarrantsMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberlev:ConvertibleDebentureMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberlev:ConvertibleDebentureMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:SIFAndIQLoanMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:SIFAndIQLoanMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2023-12-310001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberlev:SIFAndIQLoanMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2024-09-300001834974ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberlev:SIFAndIQLoanMemberlev:LongTermBorrowingsAndOtherBorrowingsMember2023-12-310001834974lev:SharePriceMeasurementInputMember2024-01-012024-09-300001834974ifrs-full:WarrantsMemberlev:SharePriceMeasurementInputMember2024-01-012024-09-300001834974ifrs-full:WarrantsMemberlev:SharePriceMeasurementInputMember2023-01-012023-09-300001834974ifrs-full:WarrantsMemberlev:WarrantPriceMeasurementInputMember2024-01-012024-09-300001834974ifrs-full:WarrantsMemberlev:WarrantPriceMeasurementInputMember2023-01-012023-09-300001834974ifrs-full:WarrantsMemberlev:ConversionOptionPriceMeasurementInputMember2024-01-012024-09-300001834974lev:EnvironmentalProtectionAgencyFundAvailabilityMember2024-09-300001834974lev:EnvironmentalProtectionAgencyFundAvailabilityMember2023-12-310001834974lev:DevelopmentOfAMobilizingProjectMember2024-09-300001834974lev:DevelopmentOfAMobilizingProjectMember2023-12-310001834974lev:OtherDeferredLiabilitiesMember2024-09-300001834974lev:OtherDeferredLiabilitiesMember2023-12-310001834974lev:EnvironmentalProtectionAgencyFundAvailabilityMember2024-07-012024-09-300001834974lev:IQLoanMember2023-03-200001834974lev:IQLoanMember2023-04-210001834974lev:BankingSyndicateSecuredRevolvingCreditMember2024-09-300001834974lev:BankingSyndicateSecuredRevolvingCreditMember2023-12-310001834974lev:IQLoanMember2024-09-300001834974lev:IQLoanMember2023-12-310001834974lev:SIFLoanMember2024-09-300001834974lev:SIFLoanMember2023-12-310001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2024-09-300001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2023-12-310001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2024-09-300001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2023-12-310001834974lev:CreditFacilityForTheSupplierPaymentProgramMember2024-09-300001834974lev:CreditFacilityForTheSupplierPaymentProgramMember2023-12-310001834974lev:NonConvertibleDebenturesIssuedAsPartOf2023DebentureFinancingMember2024-09-300001834974lev:NonConvertibleDebenturesIssuedAsPartOf2023DebentureFinancingMember2023-12-310001834974lev:ConvertibleDebenturesIssuedAsPartOf2023DebentureFinancingMember2024-09-300001834974lev:ConvertibleDebenturesIssuedAsPartOf2023DebentureFinancingMember2023-12-310001834974lev:EssorLoanMember2024-09-300001834974lev:EssorLoanMember2023-12-310001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementMember2021-08-110001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementMember2022-01-250001834974lev:RevolvingCreditFacilityJuly2024AmendmentMember2024-01-012024-09-300001834974lev:RevolvingCreditFacilityJuly2024AmendmentMember2024-09-300001834974ifrs-full:WeightedAverageMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementMember2024-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementSOFRLoansUSMember2024-09-300001834974ifrs-full:BottomOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementSOFRLoansUSMember2024-09-300001834974ifrs-full:TopOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementSOFRLoansUSMember2024-09-300001834974lev:StampingFeeRateMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementSOFRLoansUSMemberifrs-full:BottomOfRangeMember2024-09-300001834974lev:StampingFeeRateMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementSOFRLoansUSMemberifrs-full:TopOfRangeMember2024-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementBaseLoansUSMember2024-09-300001834974ifrs-full:BottomOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementBaseLoansUSMember2024-09-300001834974ifrs-full:TopOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementBaseLoansUSMember2024-09-300001834974lev:StampingFeeRateMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementBaseLoansUSMemberifrs-full:BottomOfRangeMember2024-09-300001834974lev:StampingFeeRateMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementBaseLoansUSMemberifrs-full:TopOfRangeMember2024-09-300001834974ifrs-full:WeightedAverageMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementMember2023-12-310001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementUSMember2023-12-310001834974ifrs-full:BottomOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementUSMember2023-12-310001834974ifrs-full:TopOfRangeMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementUSMember2023-12-310001834974lev:StampingFeeRateMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementUSMember2023-12-310001834974lev:TangibleNetWorthTestMemberlev:RevolvingCreditFacilityJuly2024AmendmentMember2024-11-152024-11-150001834974lev:IQLoanMember2021-07-010001834974lev:IQLoanMember2021-07-012021-07-010001834974ifrs-full:BottomOfRangeMemberlev:IQLoanMember2023-07-190001834974ifrs-full:TopOfRangeMemberlev:IQLoanMember2023-07-190001834974lev:IQLoanMember2023-07-190001834974lev:IQLoanMember2023-07-192023-07-190001834974lev:SIFLoanMember2021-08-190001834974lev:SIFLoanMember2021-08-192021-08-190001834974lev:SIFLoanMember2024-06-252024-06-250001834974lev:GovernmentAssistanceReceivablesMember2024-01-012024-09-300001834974lev:GovernmentAssistanceReceivablesMember2023-01-012023-12-310001834974lev:DevelopmentCostsMember2024-01-012024-09-300001834974lev:DevelopmentCostsMember2023-01-012023-12-310001834974lev:SIFLoanMember2022-12-310001834974lev:SIFLoanMember2024-01-012024-09-300001834974lev:SIFLoanMember2023-01-012023-12-310001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2022-11-080001834974lev:LoanAmendmentMemberlev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2024-07-012024-07-010001834974lev:LoanAmendmentMemberlev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2024-07-010001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2022-11-082022-11-080001834974lev:SupplierCreditFacilityMember2024-05-070001834974lev:SupplierCreditFacilityMember2024-05-080001834974ifrs-full:BottomOfRangeMemberlev:CreditFacilityMember2023-02-082023-02-080001834974ifrs-full:TopOfRangeMemberlev:CreditFacilityMember2023-02-082023-02-080001834974lev:SecuredOvernightFinancingRateSOFRMember2023-02-080001834974lev:SecuredOvernightFinancingRateSOFRMember2024-05-080001834974lev:LongTermDebtsAndOtherDebtsOfWhichSuppliersHasReceivedPaymentsMember2024-09-300001834974lev:LongTermDebtsAndOtherDebtsOfWhichSuppliersHasReceivedPaymentsMember2023-12-310001834974lev:A2023DebentureFinancingMember2023-07-192023-07-190001834974lev:SeniorUnsecuredConvertibleDebenturesMember2023-07-190001834974lev:ConversionOptionOnConvertibleDebenturesMember2023-07-190001834974lev:ConvertibleDebenturesMember2023-07-190001834974lev:NonConvertibleDebenturesAndJuly2023WarrantsMember2023-07-190001834974lev:NonConvertibleDebenturesWarrantsMemberlev:WarrantPublicallyTradedMember2022-12-310001834974lev:NonConvertibleDebenturesMember2023-07-190001834974lev:ConvertibleDebenturesMember2023-07-192023-07-190001834974lev:NonConvertibleDebenturesMember2023-07-192023-07-190001834974lev:NonConvertibleDebenturesAndJuly2023WarrantsMember2024-06-302024-06-300001834974lev:NonConvertibleDebenturesMember2023-12-310001834974lev:NonConvertibleDebenturesMember2022-12-310001834974lev:NonConvertibleDebenturesMember2024-01-012024-09-300001834974lev:NonConvertibleDebenturesMember2023-01-012023-12-310001834974lev:NonConvertibleDebenturesMember2024-09-300001834974lev:SeniorUnsecuredConvertibleDebenturesMember2023-07-192023-07-190001834974lev:ConvertibleDebenturesMember2023-12-310001834974lev:ConvertibleDebenturesMember2022-12-310001834974lev:ConvertibleDebenturesMember2024-01-012024-09-300001834974lev:ConvertibleDebenturesMember2023-01-012023-12-310001834974lev:ConvertibleDebenturesMember2024-09-300001834974lev:EssorLoanMember2024-06-270001834974lev:EssorLoanMember2024-06-272024-06-270001834974ifrs-full:FixedInterestRateMember2024-06-270001834974lev:EssorLoanMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMemberlev:RiskFreeInterestRateMeasurementInputMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMemberlev:RiskFreeInterestRateMeasurementInputMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMemberlev:ConvertibleDebenturesMemberifrs-full:DerivativesMember2023-01-012023-12-310001834974lev:A2023DebentureFinancingMember2023-12-310001834974lev:A2023DebentureFinancingMember2022-12-310001834974lev:A2023DebentureFinancingMember2024-01-012024-09-300001834974lev:A2023DebentureFinancingMember2023-01-012023-12-310001834974lev:A2023DebentureFinancingMember2024-09-3000018349742020-07-012020-07-010001834974lev:TheWarrantMembersrt:MaximumMember2020-07-010001834974lev:TheWarrantMember2024-01-012024-09-300001834974lev:TheWarrantMember2023-01-012023-12-310001834974srt:MinimumMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMemberlev:AmazonLogisticsIncMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:AmazonLogisticsIncMember2023-12-310001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:AmazonLogisticsIncMember2024-09-300001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:AmazonLogisticsIncMember2023-12-310001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:AmazonLogisticsIncMember2024-09-300001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:AmazonLogisticsIncMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:AmazonLogisticsIncMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMemberlev:AmazonLogisticsIncMember2023-01-012023-12-310001834974lev:AmazonLogisticsIncMember2023-12-310001834974lev:AmazonLogisticsIncMember2022-12-310001834974lev:AmazonLogisticsIncMember2024-01-012024-09-300001834974lev:AmazonLogisticsIncMember2023-01-012023-12-310001834974lev:AmazonLogisticsIncMember2024-09-3000018349742021-05-060001834974lev:NorthernGenesisAcquisitionCorpMember2021-05-060001834974lev:NorthernGenesisAcquisitionCorpMemberifrs-full:WarrantsMember2021-05-062021-05-060001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2021-05-062021-05-060001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2021-05-062021-05-060001834974lev:WarrantPublicallyTradedMember2024-09-300001834974lev:WarrantPrivatelyTradedMember2024-09-300001834974lev:WarrantPublicallyTradedMember2021-05-060001834974lev:WarrantPublicallyTradedMember2021-05-062021-05-060001834974lev:NorthernGenesisAcquisitionCorpMember2024-09-300001834974lev:NorthernGenesisAcquisitionCorpMember2023-12-310001834974ifrs-full:OptionPricingModelMember2024-09-300001834974ifrs-full:OptionPricingModelMember2023-12-310001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMember2024-09-300001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMember2023-12-310001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMember2024-09-300001834974ifrs-full:OptionPricingModelMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMember2023-12-310001834974ifrs-full:OptionPricingModelMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMember2023-01-012023-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2023-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2023-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2024-01-012024-09-300001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2024-01-012024-09-300001834974lev:NorthernGenesisAcquisitionCorpMember2024-01-012024-09-300001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2024-09-300001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2024-09-300001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2022-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2022-12-310001834974lev:NorthernGenesisAcquisitionCorpMember2022-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPublicallyTradedMember2023-01-012023-12-310001834974lev:NorthernGenesisAcquisitionCorpMemberlev:WarrantPrivatelyTradedMember2023-01-012023-12-310001834974lev:NorthernGenesisAcquisitionCorpMember2023-01-012023-12-310001834974lev:WarrantPublicallyTradedMember2022-12-162022-12-160001834974lev:OverAllotmentOptionsMember2023-01-172023-01-170001834974lev:WarrantPublicallyTradedMember2022-12-160001834974lev:WarrantPublicallyTradedMember2023-01-172023-01-170001834974lev:WarrantPublicallyTradedMember2023-12-310001834974lev:WarrantPublicallyTradedMember2022-12-310001834974lev:WarrantPublicallyTradedMember2024-01-012024-09-300001834974lev:WarrantPublicallyTradedMember2023-01-012023-12-310001834974lev:WarrantDebentureFinancingMember2023-07-192023-07-190001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMemberifrs-full:WarrantsMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMember2024-09-300001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMemberifrs-full:WarrantsMemberlev:RiskFreeInterestRateMeasurementInputMember2023-12-310001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMember2024-01-012024-09-300001834974ifrs-full:OptionPricingModelMemberlev:WarrantPublicallyTradedMember2023-01-012023-12-310001834974lev:NonConvertibleDebenturesWarrantsMemberlev:WarrantPublicallyTradedMember2023-12-310001834974lev:NonConvertibleDebenturesWarrantsMemberlev:WarrantPublicallyTradedMember2024-01-012024-09-300001834974lev:NonConvertibleDebenturesWarrantsMemberlev:WarrantPublicallyTradedMember2023-01-012023-12-310001834974lev:NonConvertibleDebenturesWarrantsMemberlev:WarrantPublicallyTradedMember2024-09-300001834974lev:RestrictedStockUnitMember2023-12-310001834974lev:RestrictedStockUnitMember2022-12-310001834974lev:RestrictedStockUnitMember2024-01-012024-09-300001834974lev:RestrictedStockUnitMember2023-01-012023-09-300001834974lev:RestrictedStockUnitMember2024-09-300001834974lev:RestrictedStockUnitMember2023-09-300001834974lev:DeferredShareUnitsMember2023-12-310001834974lev:DeferredShareUnitsMember2022-12-310001834974lev:DeferredShareUnitsMember2024-01-012024-09-300001834974lev:DeferredShareUnitsMember2023-01-012023-09-300001834974lev:DeferredShareUnitsMember2024-09-300001834974lev:DeferredShareUnitsMember2023-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2024-07-012024-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2023-07-012023-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2024-01-012024-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2023-01-012023-09-300001834974lev:InterestOnLongTermDebtAndOtherDebtsMember2024-07-012024-09-300001834974lev:InterestOnLeaseLiabilityMember2024-07-012024-09-300001834974lev:InterestOnLongTermDebtAndOtherDebtsMember2023-07-012023-09-300001834974lev:InterestOnLeaseLiabilityMember2023-07-012023-09-300001834974srt:MinimumMember2024-07-012024-09-300001834974srt:MinimumMember2023-07-012023-09-300001834974lev:InterestOnLongTermDebtAndOtherDebtsMember2024-01-012024-09-300001834974lev:InterestOnLeaseLiabilityMember2024-01-012024-09-300001834974lev:InterestOnLongTermDebtAndOtherDebtsMember2023-01-012023-09-300001834974lev:InterestOnLeaseLiabilityMember2023-01-012023-09-3000018349742022-06-172022-06-170001834974ifrs-full:IssuedCapitalMember2023-07-012023-09-300001834974lev:CommissionCostsMember2023-01-012023-09-300001834974lev:LegalCostsMember2023-01-012023-09-300001834974lev:OverAllotmentOptionsMember2023-01-170001834974lev:December2022OfferingMember2024-01-012024-09-300001834974lev:LegalCostsMemberlev:December2022OfferingMember2024-01-012024-09-300001834974lev:CommissionCostsMemberlev:December2022OfferingMember2024-01-012024-09-300001834974country:CA2024-07-012024-09-300001834974country:CA2023-07-012023-09-300001834974country:CA2024-01-012024-09-300001834974country:CA2023-01-012023-09-300001834974country:US2024-07-012024-09-300001834974country:US2023-07-012023-09-300001834974country:US2024-01-012024-09-300001834974country:US2023-01-012023-09-300001834974lev:CustomerOneMember2024-07-012024-09-300001834974lev:CustomerTwoMember2024-07-012024-09-300001834974country:CA2024-09-300001834974country:US2024-09-300001834974country:CA2023-12-310001834974country:US2023-12-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File No. 001-40387
THE LION ELECTRIC COMPANY
(Translation of registrant’s name into English)
921 chemin de la Rivière-du-Nord
Saint-Jérôme (Québec) J7Y 5G2
(Address of principal executive office)
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): ☐
EXHIBIT INDEX
Exhibits 99.1, 99.2 and 99.3 included with this report are hereby incorporated by reference to the registrant’s Registration Statement on Form F-10 (File No. 333-265627), as amended and supplemented, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
| | | | | | | | |
Exhibit Number | | Description of Exhibit |
| | |
99.1 | | |
99.2 | | |
99.3 | | |
99.4 | | |
99.5 | | |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | | | | | | | |
| THE LION ELECTRIC COMPANY |
Date: November 6, 2024 | By: | /s/ Dominique Perron |
| Name: | Dominique Perron |
| Title: | Chief Legal Officer and Corporate Secretary |