Added to the S&P/TSX Composite Index MONTREAL, Dec. 6, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, is pleased to announce that the Company will be added to the S&P/TSX Composite Index prior to the open of trading on Monday, December 20, 2021, as a result of the S&P/TSX Composite Index quarterly review.
"This addition to the S&P/TSX Composite Index is an important milestone for Lion in its first year as a publicly traded company," commented Marc Bedard, CEO-Founder of Lion. "This inclusion has the potential to enhance our exposure to a wider range of prospective investors. It should also improve the trading liquidity of our stock," he added.
The S&P/TSX Composite Index is the flagship index for the Canadian equity market. Inclusion in the S&P/TSX Composite Index has the potential to widen a company's investor base by opening it up to index funds and similar types of investment instruments.