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Lion Electric powered Names Francois Duquette as Vice President, Main Lawful Officer and Company Secretary

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MONTREAL, April 6, 2021 /PRNewswire/ – Lion Electrical (Lion), a foremost manufacturer of all-electrical medium and heavy-responsibility urban vehicles, declared these days that François Duquette has been named Vice President, Main Lawful Officer and Corporate Secretary, powerful April 12, 2021. In this recently made role, Mr. Duquette will oversee all facets of lawful and regulatory affairs, as perfectly as offer strategic counsel to the senior administration crew and board of administrators. He will report to Marc Bédard, Founder and CEO.

“It is my pleasure to welcome François to our govt administration staff,” said Marc Bédard. “With more than 20 many years of intercontinental company working experience, François’ experience will be crucial in furnishing ongoing strategic guidance and legal counsel to our crew, as we are about to get started a new chapter of our history as a community enterprise. I search ahead to his precious contribution and insight as we proceed to execute our approach of lengthy-time period, sustainable growth,” explained Marc Bédard.

Mr. Duquette was most not long ago Taking care of Director, International Private Fairness at Caisse de dépôt et placement du Québec (“CDPQ”), which he joined in 2015 as Vice-President, Lawful Affairs, Investment. In his the latest role, he co-led CDPQ’s private equity direct financial commitment approach outdoors of Quebec, principally in Europe and Asia Pacific. Mr. Duquette also co-chaired CDPQ’s Global Personal Equity and Technology Investment Committees. Right before signing up for CDPQ, he was a Lover at Allen & Overy LLP, an intercontinental regulation agency, in which he specialized in mergers and acquisitions. During his many years with the organization, he labored in their Toronto, Abu Dhabi and Casablanca offices.  Prior to Allen & Overy, Mr Duquette practiced in Paris and Abu Dhabi with global legislation firm Simmons & Simmons LLP.

Mr. Duquette holds a Bachelor of Civil Law (BCL) and a Juris Physician (JD) from McGill University. He is a member of the Barreau du Québec and a Solicitor of the Senior Courts of England and Wales. 

About Lion Electrical

Lion Electrical is an modern producer of zero-emission vehicles. The company creates, models and manufactures all-electrical course 5 to course 8 commercial city trucks and all-electrical buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electrical transportation and styles, builds and assembles all its vehicles’ components, such as chassis, battery packs, truck cabins and bus bodies.  

Usually actively looking for new and dependable technologies, Lion automobiles have unique attributes that are particularly adapted to its buyers and their day-to-day desires. Lion thinks that transitioning to all-electric powered vehicles will direct to key enhancements in our society, setting and general high-quality of existence.

Transaction with Northern Genesis

On November 30, 2020, Lion declared that it had entered into a business blend agreement and strategy of reorganization pursuant to which, subject matter to the fulfillment of customary closing conditions, a wholly-owned subsidiary of Lion will merge with Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded specific function acquisition business concentrated on a determination to sustainability and solid alignment with environmental, social and governance concepts. On completion of the transaction, Lion is anticipated to be shown on the New York Stock Exchange (NYSE) under the new ticker symbol “LEV”.

Lion Electrical, The Dazzling Shift

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Forward-Hunting Statements

All statements other than statements of historical information contained in this push launch represent “ahead-looking statements” (which shall include ahead-seeking facts inside the this means of Canadian securities rules) within the indicating of Portion 27A of the Securities Act. Ahead-on the lookout statements may perhaps normally be determined by the use of words and phrases this sort of as “believe that,” “may possibly,” “will,” “continue on,” “foresee,” “intend,” “count on,” “must,” “would,” “could,” “strategy,” “probable,” “future,” “focus on” or other identical expressions that predict or suggest upcoming situations or traits or that are not statements of historic matters, despite the fact that not all ahead-wanting statements include these kinds of determining terms. These statements are based mostly on many assumptions, whether or not or not discovered in this push launch, and on the existing anticipations of Lion’s administration and are not predictions of true efficiency. These forward-seeking statements are offered for the intent of assisting audience in comprehending particular essential aspects of Lion’s current objectives, objectives, targets, strategic priorities, anticipations and programs, and in getting a greater knowledge of Lion’s business and predicted operating surroundings. Audience are cautioned that these kinds of details might not be ideal for other functions and is not supposed to provide as, and have to not be relied on, by any investor as a assurance, an assurance, a prediction or a definitive assertion of point or chance.

Ahead-on the lookout statements include inherent pitfalls and uncertainties, most of which are tricky to forecast and numerous of which are beyond the command of Lion, and are based on a number of assumptions, as effectively as other elements that Lion thinks are proper and fair in the circumstances, but there can be no assurance that these estimates and assumptions will confirm to be right or that Lion’s vision, enterprise, goals, strategies and procedures will be achieved. Many challenges and uncertainties could bring about Lion’s true effects, general performance or achievements or potential activities or developments to vary materially from people expressed or implied by the ahead-on the lookout statements.

In addition, ahead-wanting statements replicate Lion’s anticipations, strategies or forecasts of long term situations and sights as of the date of this push release. Lion anticipates that subsequent gatherings and developments will lead to Lion’s assessments to modify. Even so, though Lion could elect to update these ahead-looking statements at some position in the future, Lion has no intention and undertakes no obligation to do so, besides as essential by applicable regulation. These forward-seeking statements must not be relied on as representing Lion’s assessments as of any date subsequent to the date of this press release. Lion’s forward-searching statements are expressly certified in their entirety by this cautionary assertion. The comprehensive model of the cautionary observe with regards to ahead-on the lookout statements as properly as a description of the pertinent assumptions and danger components most likely to have an effect on Lion’s precise success, functionality or achievements or long run occasions or developments to differ materially from individuals expressed or implied by the forward-seeking statements are integrated in the registration statement on Type F-4 filed by Lion beneath its profile on EDGAR at www.sec.gov.

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