The Lion Electric Company
Follow- Proceeding
- CCAASections 9, 11, 11.001, 11.02, 11.03, 11.2, 11.51, 11.52, 11.7, 23, 36, 45 and 56 of the Companies' Creditors Arrangement Act
- File
- 700-11-022385-241
- Industry
- Manufacturing · Vehicles, parts & aerospace
The Lion Electric Company remains under Companies' Creditors Arrangement Act protection before the Superior Court of Québec, where proceedings were commenced on December 18, 2024 under court file number 700-11-022385-241. The case began with an initial order granted that same day. The proceeding is active. Beyond the initial order, the record for this matter carries no further dated milestones, and no subsequent orders, reports or hearing dates have been entered against the file. Creditors and counsel following the matter should treat the December 18, 2024 initial order as the only step recorded to date.
The court granted an approval and vesting order for the sale to the Battery Plant Assets. Closing terms, as extracted: Upon completion of sale of a Battery Plant Asset and receipt of full purchase price, vesting occurs; Monitor issues Certificate upon completion of the Auction and satisfaction of all closing conditions. Sealed: Auction Commission Agreement.
The officer filed report no. Sixth Report. The Monitor is arranging the auction sale of the Battery Plant Assets through an exclusive agreement with Workingman Capital Corp., noting that net proceeds are unlikely to fully repay the Interim Lenders.
Source: Sixth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Motion for the Issuance of an Approval of Auction Sale and Vesting Order — Application / notice of application
The court granted an approval and vesting order for the sale to 9539-5034 Québec Inc. Closing terms, as extracted: Closing conditioned on issuance of Monitor's Certificate confirming satisfaction of the Subscription Price and conditions of closing. Sealed: Subscription Agreement, CDPQ-Finalta Agreement, Subscription Agreement and CDPQ-Finalta Agreement kept confidential.
The officer filed report no. Fifth Report. Lion has halted production and cut staff to 16 employees to run the SISP and maintain its assets. After the Quebec government declined to invest on April 30, 2025, the SISP was extended and a revised Investors Consortium offer was selected. That offer is to be implemented by a reverse vesting transaction continuing part of the business as a going concern.
Source: Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Order Lifting of the Stay of Proceeding on a Partial and Limited Basis was filed.
Source: Order Lifting of the Stay of Proceeding on a Partial and Limited Basis
The officer filed report no. Fourth Report. Lion's manufacturing and delivery operations are suspended, though it continues to support customers with vehicle maintenance and servicing and to pay remaining employees and trade creditors in the normal course while the SISP is completed.
Source: Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Notice of Extention of the Phase 2 Bid Deadline dated March 6, 2025 — Stakeholder communication
The Lion Electric 24-18898 DI 61 - Order Granting Motion to Recognize & Enforce 2nd ARIO — Application / notice of application
The Lion Electric 24-18898 DI 56 - Motion to Recognize and Enforce 2nd Amended and Restated Initial Order — Application / notice of application
The officer filed report no. Third Report. Manufacturing and delivery operations are suspended, but Lion continues to pay its remaining employees and to service and maintain customers' vehicles where possible, while limiting costs and running Phase 2 of the sale and investment solicitation process.
Source: Third Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Application for the issuance of an Second Amended and Restated Initial Order — Amended and restated initial order
The Lion Electric 24-18898 DI 48 - Agenda re 1.21.25 Hearing @ 10 am (CT) — Notice of hearing
The Lion Electric 24-18898 DI 37 - Notice of Reports of the Monitor in the Canadian Proceeding — Stakeholder communication
The officer filed report no. Second Report. Manufacturing and delivery operations are suspended while Lion continues to service and maintain customer vehicles; the workforce was cut from 1,300 to about 300 employees, with roughly 150 more temporary lay-offs announced, and 12 leases were disclaimed while the SISP gets underway.
Source: Second Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Initial order granted December 18, 2024, opening the CCAA proceeding in the Superior Court of Québec under file number 700-11-022385-241.
Source: Initial Order
Lion Electric Finance USA Inc. 24-18901 DI 1 - Petition — Application / notice of application
Lion Electric Holding USA Inc. 24-18899 DI 1 - Petition — Application / notice of application
Lion Electric Manufacturing USA, Inc. 24-18897 DI 1 - Petition — Application / notice of application
Lion Electric Vehicles Finance Canada Inc. 24-18905 DI 1 - Petition — Application / notice of application
Norther Genesis Acquisition Corp. 24-18902 DI 1 - Petition — Application / notice of application
The Lion Electric 24-18898 DI 32 - Amended Notice of Ch. 15 Recognition Hearing — Notice of hearing
The Lion Electric 24-18898 DI 6 - Application for Hearing on Emergency Motions — Application / notice of application
The Lion Electric Co. USA Inc. 24-18900 DI 1 - Petition — Application / notice of application
Application for the issuance of an Initial Order and a Sale and Investment Solicitation Process Order — Application / notice of application
Debtor
The Lion Electric Company
Monitor
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Pinsonnault | Superior Court of Québec | 13 orders, Dec 2024 – Nov 2025 | 31 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | NATIONAL BANK OF CANADA · in 101 caseslisted under the document's own SECURED / GARANTIS heading; the list states no security description per creditor — debtor: The Lion Electric Company · as of 17 Dec 2024 | $46.8M USD | List of creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
547 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 1 closed · 1 approved — Approval of the Subscription Agreement and reverse vesting transactionsRe-rectified Approval and Reverse Vesting Order · 17 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 9539-5034 Québec Inc.the Subscribed Shares · share subscription · agreement 14 May 2025 | Subscribers | Closed23 May 2025 | Sixth Report to the Court submitted by Deloitte… |
| end purchasers at auction, unnamedthe Battery Plant Assets · auction · ResidualCo: 9541-1799 Québec Inc. · agreement 6 Jun 2025 | not stated | Approved25 Jun 2025outside 23 Apr 2025 | Approval of Auction Sale and Vesting Order |
Unsecured creditors: no distribution.EstimatedThe Lion Electric 24-18898 DI 70 - Notice of Motion · 29 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the debtor | The Lion Electric 24-18898 DI 70 - Notice of Motion · 29 May 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
Cash on hand
$984K USD
As at 15 May 2025Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Re-rectified Approval and Reverse Vesting Order
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Stay of Deliberations Order
| PDF · Subscribers | |
Order reopening the debates
| PDF · Subscribers | |
Approval of Auction Sale and Vesting Order
| PDF · Subscribers | |
The Lion Electric 24-18898 DI 91 - Order (I) Recognizing and Enforcing Canadian Reverse Vesting Order, (II) Approving Sale Free and Clear of Liens, Claims, and Encumbrances, (III) Reconizing the Canadian Proceeding as to each of the Excluded Cos. as Foreign Main Proceedings; (IV) Closing the Chapter 15 Cases of Certain Debtors; and (V) Granted Related Relief
| PDF · Subscribers | |
Sixth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
Motion for the Issuance of an Approval of Auction Sale and Vesting Order
| PDF · Subscribers | |
Judgment on Application for the Issuance of an Approval and Reverse Vesting Order (SEQ. 55) and Approval of Paragrahs 61 and 62 of the Rectified Approval and Reverse Vesting Order dated June 6, 2025
| PDF · Subscribers | |
Rectified Approval and Reverse Vesting Order
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 78 - Notice of Unredacted Terms of Subscription Agreement | PDF · Subscribers | |
The Lion Electric 24-18898 DI 70 - Notice of Motion
| PDF · Subscribers | |
Certificate of the Monitor
| PDF · Subscribers | |
Approval and Reverse Vesting Order
| PDF · Subscribers | |
| Application for the issuance of an Approval and Reverse Vesting Order | PDF · Subscribers | |
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
| Subscription Agreement | PDF · Subscribers | |
Order Lifting of the Stay of Proceeding on a Partial and Limited Basis
| PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
Application for the issuance of a Stay Extension Order
| PDF · Subscribers | |
| Notice of Extention of the Phase 2 Bid Deadline dated March 6, 2025 | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 61 - Order Granting Motion to Recognize & Enforce 2nd ARIO | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 56 - Motion to Recognize and Enforce 2nd Amended and Restated Initial Order | PDF · Subscribers | |
Second Amended and Restated Initial Order
| PDF · Subscribers | |
Application for the issuance of an Second Amended and Restated Initial Order
| PDF · Subscribers | |
Third Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 52 - Order Recognizing Foreign Main Proceeding | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 46 - Notice of Filing of Revised Proposed Recognition Order & Redline | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 48 - Agenda re 1.21.25 Hearing @ 10 am (CT) | PDF · Subscribers | |
List of creditors
| PDF · Subscribers | |
The Lion Electric 24-18898 DI 38 - Notice of Filing of Amended and Restated Initial Order Entered in the Canadian Proceeding
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 37 - Notice of Reports of the Monitor in the Canadian Proceeding | PDF · Subscribers | |
Second Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
Teaser
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Notice to Employees | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 25 - Order Granting Leave to Exceed Page Limit | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 26 - Order Granting Joint Administration of Chapter 15 Cases | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 27 - Order Granting Provisional Relief Pursuant to 1519 of Bankruptcy | PDF · Subscribers | |
The Lion Electric 24-18898 DI 28 - Order Sched. Ch15 Recogn Hearing, Specifying Form & Manner of Notice
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 31 - Notice of Ch 15 Recognition Hearing | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 8 - Order Granting Application for Hearing on Emegency Motions | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Lion Electric Finance Canada Ind DI 1 - Petition | PDF · Subscribers | |
| Lion Electric Finance USA Inc. 24-18901 DI 1 - Petition | PDF · Subscribers | |
| Lion Electric Holding USA Inc. 24-18899 DI 1 - Petition | PDF · Subscribers | |
| Lion Electric Manufacturing USA, Inc. 24-18897 DI 1 - Petition | PDF · Subscribers | |
| Lion Electric Vehicles Finance Canada Inc. 24-18905 DI 1 - Petition | PDF · Subscribers | |
| Norther Genesis Acquisition Corp. 24-18902 DI 1 - Petition | PDF · Subscribers | |
Sale and Investment Solicitation Process Order
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 32 - Amended Notice of Ch. 15 Recognition Hearing | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 5 - Martel Declaration | PDF · Subscribers | |
The Lion Electric 24-18898 DI 6 - Application for Hearing on Emergency Motions
| PDF · Subscribers | |
| The Lion Electric Co. USA Inc. 24-18900 DI 1 - Petition | PDF · Subscribers | |
| The Lion Electric Company 24-18898 DI 1 - Petition | PDF · Subscribers | |
Application for the issuance of an Initial Order and a Sale and Investment Solicitation Process Order
| PDF · Subscribers | |
First Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Proposed Monitor
| PDF · Subscribers | |
| The Lion Electric 24-18898 DI 3 -Verified Petition | PDF · Subscribers | |
| The Lion Electric 24-18898 DI 4 - Coulombe Declaration | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “The Lion Electric Company” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/the-lion-electric-company