SANTA MONICA, Calif., and VANCOUVER, BC , March 10, 2025 /PRNewswire/ -- Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) ("Lionsgate") and Lionsgate Studios Corp. (Nasdaq: LION) ("Lionsgate Studios") today announced that the annual general and special meeting of Lionsgate (the "Lionsgate Meeting") and the special meeting of Lionsgate Studios (the "Lionsgate Studios Meeting") (together referred to as "the Meetings"), relating to the proposed separation of Lionsgate's Studios and Starz Businesses, are expected to be held on April 23, 2025.
The average of price targets set by Wall Street analysts indicates a potential upside of 27.1% in Lionsgate Studios Corp. (LION). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Lionsgate Studios is set to benefit from a valuation re-rating due to a simpler corporate structure and improved licensing opportunities post-spin-off. The spin-off separates Lionsgate Studios from Starz, creating two distinct publicly traded companies, enabling targeted growth and strategic investments. LION's strong IP portfolio and projected double-digit AOIBDA growth on $3 billion in revenues highlight its attractive valuation and upside potential.
SANTA MONICA, Calif. and VANCOUVER, BC , Jan. 17, 2025 /PRNewswire/ -- Lionsgate (NYSE: LGF.A, LGF.B) and Lionsgate Studios (Nasdaq: LION) today announced they will release their financial results for the fiscal 2025 third quarter ended December 31, 2024 after market close on Thursday, February 6.
MONTREAL , Jan. 3, 2025 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company") announced today a reduction of its workforce through temporary layoffs of approximately 150 employees, in both Canada and the United States, across all departments within the organization. Following this workforce reduction, Lion will have approximately 160 employees who will mainly focus on assisting Lion's customers with the maintenance and servicing of school buses and trucks.
MONTREAL , Dec. 19, 2024 /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, announced today that the Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and its subsidiaries protection under the Companies' Creditors Arrangement Act ("CCAA"). Deloitte Restructuring Inc. has been appointed pursuant to the initial CCAA order as monitor of the Company (in such capacity, the "Monitor") in order to assist the Company with its restructuring efforts and to report to the Court.
MONTREAL , Dec. 18, 2024 /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, announced today that the Company and its subsidiaries have applied to the Superior Court of Quebec (Commercial Division) (the "Court") for an initial order to seek protection from their creditors under the Companies' Creditors Arrangement Act ("CCAA"). The Company and its subsidiaries also intend to seek recognition of the CCAA proceedings in the United States under Chapter 15 of the Bankruptcy Code.
Company to initiate restructuring proceedings under the CCAA MONTREAL , Dec. 17, 2024 /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, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec (the "Revolving Credit Agreement"), as well as the maturity of the Company's loan agreement entered into with Finalta Capital Fund, L.P., as lender and administrative agent, and Caisse de dépôt et placement du Quebec (through one of its subsidiaries), as lender (the "Finalta CDPQ Loan Agreement").
Activist investor Anson Funds Management has taken a stake in Lionsgate Studios , and believes that the company should consider a range of options, including a potential sale, Bloomberg News reported on Tuesday, citing the firm's head of activism.
Net proceeds to be used towards partial repayment of the Company's senior secured non-convertible debentures issued in July 2023 MONTREAL , Dec. 5, 2024 /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, announced today that it has reached a definitive agreement with Aéroport de Montreal to sell its innovation center facility located in Mirabel, Québec, for a purchase price of C$50,000,000, subject to customary purchase price adjustments and closing conditions. All of the net proceeds from the transaction are intended to be used towards the partial repayment of the Company's senior secured non-convertible debentures issued in July 2023, holders of which currently benefit from a first ranking hypothec over the immovable/real rights related to the innovation center facility.