0001834974falseSeptember 30, 202212/3100018349742022-01-012022-09-3000018349742022-09-30iso4217:USD00018349742021-12-3100018349742022-07-012022-09-3000018349742021-07-012021-09-3000018349742021-01-012021-09-30iso4217:USDxbrli:shares0001834974ifrs-full:IssuedCapitalMember2021-12-31xbrli:shares0001834974ifrs-full:SharePremiumMember2021-12-310001834974lev:ConversionOptionsMember2021-12-310001834974ifrs-full:RetainedEarningsMember2021-12-310001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-12-310001834974ifrs-full:SharePremiumMember2022-01-012022-09-300001834974ifrs-full:RetainedEarningsMember2022-01-012022-09-300001834974ifrs-full:IssuedCapitalMember2022-01-012022-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2022-01-012022-09-300001834974ifrs-full:IssuedCapitalMember2022-09-300001834974ifrs-full:SharePremiumMember2022-09-300001834974lev:ConversionOptionsMember2022-09-300001834974ifrs-full:RetainedEarningsMember2022-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2022-09-300001834974ifrs-full:IssuedCapitalMember2020-12-310001834974ifrs-full:SharePremiumMember2020-12-310001834974lev:ConversionOptionsMember2020-12-310001834974ifrs-full:RetainedEarningsMember2020-12-310001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-12-3100018349742020-12-310001834974ifrs-full:SharePremiumMember2021-01-012021-09-300001834974ifrs-full:IssuedCapitalMember2021-01-012021-09-300001834974lev:ConversionOptionsMember2021-01-012021-09-300001834974ifrs-full:RetainedEarningsMember2021-01-012021-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-01-012021-09-300001834974ifrs-full:IssuedCapitalMember2021-09-300001834974ifrs-full:SharePremiumMember2021-09-300001834974lev:ConversionOptionsMember2021-09-300001834974ifrs-full:RetainedEarningsMember2021-09-300001834974ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-09-3000018349742021-09-3000018349742022-06-3000018349742021-06-300001834974srt:ScenarioPreviouslyReportedMember2021-12-310001834974srt:RestatementAdjustmentMember2021-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974lev:RollingStockMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974ifrs-full:GrossCarryingAmountMemberlev:FurnitureAndOfficeEquipmentMember2021-12-310001834974lev:ProductionMoldsMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974lev:PrototypesMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2021-12-310001834974ifrs-full:GrossCarryingAmountMember2021-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974lev:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974lev:RollingStockMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974ifrs-full:ComputerEquipmentMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974ifrs-full:GrossCarryingAmountMemberlev:FurnitureAndOfficeEquipmentMember2022-01-012022-09-300001834974lev:ProductionMoldsMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974lev:MasterPatternsAndTemplatesMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974lev:PrototypesMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974ifrs-full:GrossCarryingAmountMember2022-01-012022-09-300001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974lev:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974lev:RollingStockMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974ifrs-full:ComputerEquipmentMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974ifrs-full:GrossCarryingAmountMemberlev:FurnitureAndOfficeEquipmentMember2022-09-300001834974lev:ProductionMoldsMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974lev:MasterPatternsAndTemplatesMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974lev:PrototypesMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2022-09-300001834974ifrs-full:GrossCarryingAmountMember2022-09-300001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:RollingStockMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:FurnitureAndOfficeEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:ProductionMoldsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974lev:PrototypesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974ifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:RollingStockMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974ifrs-full:ComputerEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:FurnitureAndOfficeEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:ProductionMoldsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:MasterPatternsAndTemplatesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974lev:PrototypesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974ifrs-full:AccumulatedDepreciationAndAmortisationMember2022-01-012022-09-300001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:RollingStockMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974ifrs-full:ComputerEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:FurnitureAndOfficeEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:ProductionMoldsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:MasterPatternsAndTemplatesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974lev:PrototypesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974ifrs-full:AccumulatedDepreciationAndAmortisationMember2022-09-300001834974ifrs-full:LeaseholdImprovementsMember2022-09-300001834974lev:MachineryAndEquipmentMember2022-09-300001834974lev:RollingStockMember2022-09-300001834974ifrs-full:ComputerEquipmentMember2022-09-300001834974lev:FurnitureAndOfficeEquipmentMember2022-09-300001834974lev:ProductionMoldsMember2022-09-300001834974lev:MasterPatternsAndTemplatesMember2022-09-300001834974lev:PrototypesMember2022-09-300001834974ifrs-full:ConstructionInProgressMember2022-09-300001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974lev:RollingStockMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974ifrs-full:GrossCarryingAmountMemberlev:FurnitureAndOfficeEquipmentMember2020-12-310001834974lev:ProductionMoldsMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974lev:PrototypesMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2020-12-310001834974ifrs-full:GrossCarryingAmountMember2020-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974lev:RollingStockMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974ifrs-full:GrossCarryingAmountMemberlev:FurnitureAndOfficeEquipmentMember2021-01-012021-12-310001834974lev:ProductionMoldsMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974lev:PrototypesMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974ifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:RollingStockMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:FurnitureAndOfficeEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:ProductionMoldsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974lev:PrototypesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974ifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310001834974ifrs-full:LeaseholdImprovementsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:RollingStockMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974ifrs-full:ComputerEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:FurnitureAndOfficeEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:ProductionMoldsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:MasterPatternsAndTemplatesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974lev:PrototypesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974ifrs-full:AccumulatedDepreciationAndAmortisationMember2021-01-012021-12-310001834974ifrs-full:LeaseholdImprovementsMember2021-12-310001834974lev:MachineryAndEquipmentMember2021-12-310001834974lev:RollingStockMember2021-12-310001834974ifrs-full:ComputerEquipmentMember2021-12-310001834974lev:FurnitureAndOfficeEquipmentMember2021-12-310001834974lev:ProductionMoldsMember2021-12-310001834974lev:MasterPatternsAndTemplatesMember2021-12-310001834974lev:PrototypesMember2021-12-310001834974ifrs-full:ConstructionInProgressMember2021-12-310001834974ifrs-full:BottomOfRangeMember2022-01-012022-09-300001834974ifrs-full:TopOfRangeMember2022-01-012022-09-300001834974lev:PremisesMember2021-12-310001834974lev:PremisesMember2022-01-012022-09-300001834974lev:RollingStockMember2022-01-012022-09-300001834974lev:PremisesMember2022-09-300001834974lev:PremisesMember2020-12-310001834974lev:RollingStockMember2020-12-310001834974lev:PremisesMember2021-01-012021-12-310001834974lev:RollingStockMember2021-01-012021-12-3100018349742021-01-012021-12-310001834974ifrs-full:CostOfSalesMember2022-07-012022-09-300001834974ifrs-full:CostOfSalesMember2021-07-012021-09-300001834974ifrs-full:CostOfSalesMember2022-01-012022-09-300001834974ifrs-full:CostOfSalesMember2021-01-012021-09-300001834974lev:AdministrativeExpensesMember2022-07-012022-09-300001834974lev:AdministrativeExpensesMember2021-07-012021-09-300001834974lev:AdministrativeExpensesMember2022-01-012022-09-300001834974lev:AdministrativeExpensesMember2021-01-012021-09-300001834974lev:SellingExpensesMember2022-07-012022-09-300001834974lev:SellingExpensesMember2021-07-012021-09-300001834974lev:SellingExpensesMember2022-01-012022-09-300001834974lev:SellingExpensesMember2021-01-012021-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2022-07-012022-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2021-07-012021-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2022-01-012022-09-300001834974lev:CapitalizedToPropertyPlantAndEquipmentMember2021-01-012021-09-300001834974lev:CashAndCashEquivalentsMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2022-09-300001834974lev:CashAndCashEquivalentsMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-12-310001834974ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:TradeReceivablesMember2022-09-300001834974ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:TradeReceivablesMember2021-12-310001834974lev:GovermentAssistanceReceivablesSupportProgramForTheDeploymentOfElectricSchoolBusesAndZeroEmissionTruckAndBusProgramMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2022-09-300001834974lev:GovermentAssistanceReceivablesSupportProgramForTheDeploymentOfElectricSchoolBusesAndZeroEmissionTruckAndBusProgramMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-12-310001834974lev:GovermentAssistanceReceivablesOtherMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2022-09-300001834974lev:GovermentAssistanceReceivablesOtherMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-12-310001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2022-09-300001834974lev:LoansOnResearchAndDevelopmentTaxCreditAndSubsidiesReceivableMember2021-12-310001834974lev:TradeAndOtherPayablesMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2022-09-300001834974lev:TradeAndOtherPayablesMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2021-12-310001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:LongTermDebtOtherMemberlev:BorrowingsMember2022-09-300001834974ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberlev:LongTermDebtOtherMemberlev:BorrowingsMember2021-12-310001834974lev:WarrantMemberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2022-09-300001834974lev:WarrantMemberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2021-12-310001834974lev:SharePriceMeasurementInputMember2022-01-012022-09-30xbrli:pure0001834974lev:WarrantMemberlev:SharePriceMeasurementInputMember2022-01-012022-09-300001834974lev:WarrantPriceMeasurementInputMemberlev:WarrantMember2022-01-012022-09-300001834974lev:BankingSyndicateSecuredRevolvingCreditMember2022-09-300001834974lev:BankingSyndicateSecuredRevolvingCreditMember2021-12-310001834974lev:IQLoanMember2022-09-300001834974lev:IQLoanMember2021-12-310001834974lev:SIFLoanMember2022-09-300001834974lev:SIFLoanMember2021-12-310001834974lev:EconomicDevelopmentCanadaUnsecuredLoansMaturingBetweenJanuaryAndFebruary2022Member2022-09-300001834974lev:EconomicDevelopmentCanadaUnsecuredLoansMaturingBetweenJanuaryAndFebruary2022Member2021-12-310001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2022-09-300001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2021-12-310001834974lev:PurchasePricePayableRelatedToAcquisitionOfDealershipRightsMember2022-09-300001834974lev:PurchasePricePayableRelatedToAcquisitionOfDealershipRightsMember2021-12-310001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementMember2021-08-110001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementMember2022-01-250001834974ifrs-full:WeightedAverageMemberlev:RevolvingCreditFacilityRevolvingCreditAgreementMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementCAMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementCAMemberifrs-full:BottomOfRangeMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementCAMemberifrs-full:TopOfRangeMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementCAMemberlev:StampingFeeRateMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementUSMember2022-09-300001834974lev:RevolvingCreditFacilityRevolvingCreditAgreementUSMemberlev:StampingFeeRateMember2022-09-300001834974lev:IQLoanMember2021-07-01iso4217:CAD0001834974lev:IQLoanMember2021-07-012021-07-010001834974lev:SIFLoanMember2021-08-190001834974lev:SIFLoanMember2021-08-192021-08-190001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2022-09-010001834974lev:SecuredLoanForTheAcquisitionOfRollingStockMaturingDecember2023AndAugust2024Member2022-09-012022-09-0100018349742020-07-012020-07-010001834974srt:MaximumMemberlev:TheWarrantMember2020-07-010001834974lev:TheWarrantMember2021-01-012021-12-310001834974lev:TheWarrantMember2022-01-012022-09-300001834974srt:MinimumMember2022-01-012022-09-300001834974lev:AmazonLogisticsIncMemberifrs-full:OptionPricingModelMember2022-09-300001834974lev:AmazonLogisticsIncMemberifrs-full:OptionPricingModelMember2021-12-310001834974lev:AmazonLogisticsIncMemberlev:WarrantMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:OptionPricingModelMember2022-09-300001834974lev:AmazonLogisticsIncMemberlev:WarrantMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:OptionPricingModelMember2021-12-310001834974lev:AmazonLogisticsIncMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:WarrantMemberifrs-full:OptionPricingModelMember2022-09-300001834974lev:AmazonLogisticsIncMemberlev:RiskFreeInterestRateMeasurementInputMemberlev:WarrantMemberifrs-full:OptionPricingModelMember2021-12-310001834974lev:AmazonLogisticsIncMemberifrs-full:OptionPricingModelMember2022-01-012022-09-300001834974lev:AmazonLogisticsIncMemberifrs-full:OptionPricingModelMember2021-01-012021-12-310001834974lev:AmazonLogisticsIncMember2021-12-310001834974lev:AmazonLogisticsIncMember2020-12-310001834974lev:AmazonLogisticsIncMember2022-01-012022-09-300001834974lev:AmazonLogisticsIncMember2021-01-012021-12-310001834974lev:AmazonLogisticsIncMember2022-09-3000018349742021-05-060001834974lev:NorthernGenesisAcquisitionCorpMember2021-05-060001834974lev:WarrantMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-062021-05-060001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-062021-05-060001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-062021-05-060001834974lev:WarrantPublicallyTradedMember2022-09-300001834974lev:WarrantPublicallyTradedMember2021-12-310001834974lev:WarrantPrivatelyTradedMember2022-09-300001834974lev:WarrantPrivatelyTradedMember2021-12-310001834974lev:WarrantPublicallyTradedMember2021-05-060001834974lev:WarrantPublicallyTradedMember2021-05-062021-05-06utr:D0001834974lev:NorthernGenesisAcquisitionCorpMember2022-09-300001834974lev:NorthernGenesisAcquisitionCorpMember2021-12-310001834974lev:WarrantPrivatelyTradedMember2021-05-060001834974lev:WarrantPrivatelyTradedMember2021-05-062021-05-060001834974ifrs-full:OptionPricingModelMember2022-09-300001834974ifrs-full:OptionPricingModelMember2021-12-310001834974lev:WarrantMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMemberifrs-full:OptionPricingModelMember2022-09-300001834974lev:WarrantMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberlev:NorthernGenesisAcquisitionCorpMemberifrs-full:OptionPricingModelMember2021-12-310001834974lev:RiskFreeInterestRateMeasurementInputMemberlev:WarrantMemberlev:NorthernGenesisAcquisitionCorpMemberifrs-full:OptionPricingModelMember2022-09-300001834974lev:RiskFreeInterestRateMeasurementInputMemberlev:WarrantMemberlev:NorthernGenesisAcquisitionCorpMemberifrs-full:OptionPricingModelMember2021-12-310001834974ifrs-full:OptionPricingModelMember2022-01-012022-09-300001834974ifrs-full:OptionPricingModelMember2021-01-012021-12-310001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-12-310001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-12-310001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2022-01-012022-09-300001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2022-01-012022-09-300001834974lev:NorthernGenesisAcquisitionCorpMember2022-01-012022-09-300001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2022-09-300001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2022-09-300001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-060001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-060001834974lev:NorthernGenesisAcquisitionCorpMember2021-05-060001834974lev:WarrantPublicallyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-072021-12-310001834974lev:WarrantPrivatelyTradedMemberlev:NorthernGenesisAcquisitionCorpMember2021-05-072021-12-310001834974lev:NorthernGenesisAcquisitionCorpMember2021-05-072021-12-310001834974lev:StockOptionPlanMemberifrs-full:TopOfRangeMember2022-01-012022-09-300001834974lev:StockOptionPlanMember2022-01-012022-09-3000018349742021-05-062021-05-06iso4217:CADxbrli:shares0001834974lev:ExercisePriceRangeOneMember2022-09-300001834974lev:ExercisePriceRangeOneMember2022-01-012022-09-300001834974lev:ExercisePriceRangeTwoMember2022-09-300001834974lev:ExercisePriceRangeTwoMember2022-01-012022-09-300001834974lev:ExercisePriceRangeThreeMember2022-09-300001834974lev:ExercisePriceRangeThreeMember2022-01-012022-09-300001834974lev:ExercisePriceRangeFourMember2022-09-300001834974lev:ExercisePriceRangeFourMember2022-01-012022-09-300001834974lev:ExercisePriceRangeFiveMember2022-09-300001834974lev:ExercisePriceRangeFiveMember2022-01-012022-09-300001834974lev:ExercisePriceRangeSixMember2022-09-300001834974lev:ExercisePriceRangeSixMember2022-01-012022-09-300001834974lev:ExercisePriceRangeSevenMember2022-09-300001834974lev:ExercisePriceRangeSevenMember2022-01-012022-09-300001834974lev:ExercisePriceRangeEightMember2022-09-300001834974lev:ExercisePriceRangeEightMember2022-01-012022-09-300001834974lev:ExercisePriceRangeOneMember2021-12-310001834974lev:ExercisePriceRangeOneMember2021-01-012021-12-310001834974lev:ExercisePriceRangeTwoMember2021-12-310001834974lev:ExercisePriceRangeTwoMember2021-01-012021-12-310001834974lev:ExercisePriceRangeThreeMember2021-12-310001834974lev:ExercisePriceRangeThreeMember2021-01-012021-12-310001834974lev:ExercisePriceRangeFourMember2021-12-310001834974lev:ExercisePriceRangeFourMember2021-01-012021-12-310001834974lev:ExercisePriceRangeFiveMember2021-12-310001834974lev:ExercisePriceRangeFiveMember2021-01-012021-12-310001834974lev:ExercisePriceRangeSixMember2021-12-310001834974lev:ExercisePriceRangeSixMember2021-01-012021-12-310001834974lev:RestrictedStockUnitMember2022-01-012022-09-300001834974lev:RestrictedStockUnitMember2021-12-310001834974lev:RestrictedStockUnitMember2020-12-310001834974lev:RestrictedStockUnitMember2021-01-012021-12-310001834974lev:RestrictedStockUnitMember2022-09-300001834974lev:AdministrativeExpensesMemberlev:RestrictedStockUnitMember2022-07-012022-09-300001834974lev:AdministrativeExpensesMemberlev:RestrictedStockUnitMember2021-07-012021-09-300001834974lev:AdministrativeExpensesMemberlev:RestrictedStockUnitMember2022-01-012022-09-300001834974lev:AdministrativeExpensesMemberlev:RestrictedStockUnitMember2021-01-012021-09-300001834974lev:RestrictedStockUnitMemberlev:SellingExpensesMember2022-07-012022-09-300001834974lev:RestrictedStockUnitMemberlev:SellingExpensesMember2021-07-012021-09-300001834974lev:RestrictedStockUnitMemberlev:SellingExpensesMember2022-01-012022-09-300001834974lev:RestrictedStockUnitMemberlev:SellingExpensesMember2021-01-012021-09-300001834974lev:RestrictedStockUnitMember2022-07-012022-09-300001834974lev:RestrictedStockUnitMember2021-07-012021-09-300001834974lev:RestrictedStockUnitMember2021-01-012021-09-300001834974lev:DeferredShareUnitsMember2021-12-310001834974lev:DeferredShareUnitsMember2020-12-310001834974lev:DeferredShareUnitsMember2022-01-012022-09-300001834974lev:DeferredShareUnitsMember2021-01-012021-12-310001834974lev:DeferredShareUnitsMember2022-09-300001834974lev:AdministrativeExpensesMemberlev:DeferredShareUnitsMember2022-07-012022-09-300001834974lev:AdministrativeExpensesMemberlev:DeferredShareUnitsMember2021-07-012021-09-300001834974lev:AdministrativeExpensesMemberlev:DeferredShareUnitsMember2022-01-012022-09-300001834974lev:AdministrativeExpensesMemberlev:DeferredShareUnitsMember2021-01-012021-09-300001834974lev:DeferredShareUnitsMember2022-07-012022-09-300001834974lev:DeferredShareUnitsMember2021-07-012021-09-300001834974lev:DeferredShareUnitsMember2021-01-012021-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2022-07-012022-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2021-07-012021-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2022-01-012022-09-300001834974lev:LongTermDebtExcludingConvertibleDebtInstrumentsMember2021-01-012021-09-300001834974lev:ConvertibleDebtInstrumentsMember2022-07-012022-09-300001834974lev:ConvertibleDebtInstrumentsMember2021-07-012021-09-300001834974lev:ConvertibleDebtInstrumentsMember2022-01-012022-09-300001834974lev:ConvertibleDebtInstrumentsMember2021-01-012021-09-3000018349742022-05-072022-05-070001834974lev:EquipmentLeaseMember2022-09-3000018349742022-06-172022-06-170001834974lev:LegalCostsMember2022-07-012022-09-300001834974lev:CommissionCostsMember2022-07-012022-09-30lev:segment0001834974country:CA2022-07-012022-09-300001834974country:CA2021-07-012021-09-300001834974country:CA2022-01-012022-09-300001834974country:CA2021-01-012021-09-300001834974country:US2022-07-012022-09-300001834974country:US2021-07-012021-09-300001834974country:US2022-01-012022-09-300001834974country:US2021-01-012021-09-300001834974lev:MajorCustomer1Member2021-07-012021-09-300001834974lev:MajorCustomer2Member2021-07-012021-09-300001834974country:CA2022-09-300001834974country:US2022-09-300001834974country:CA2021-12-310001834974country:US2021-12-310001834974lev:ProceedsFromBorrowingsMember2022-10-042022-10-040001834974lev:FinaltaCDPQLoanAgreementMemberlev:FinaltaCDPQLoanAgreementMember2022-11-080001834974lev:FinaltaCDPQLoanAgreementMemberlev:FinaltaCDPQLoanAgreementMember2022-09-300001834974lev:FinaltaCDPQLoanAgreementMember2022-11-082022-11-08
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 2022
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 | | |
99.6 | | |
101 | | XBRL Instance Document |
* Portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K because they both are not material and would likely cause competitive harm to the registrant if publicly disclosed.
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.
| | | | | | | | |
| THE LION ELECTRIC COMPANY |
Date: November 10, 2022 | By: | /s/ Nicolas Brunet |
| Name: | Nicolas Brunet |
| Title: | Executive Vice President & Chief Financial Officer |