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LION ELECTRIC ANNOUNCES FURTHER WORKFORCE REDUCTION IN THE CONTEXT OF ONGOING CCAA PROCEEDINGS

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MONTREAL, Jan. 3, 2025 /CNW/ – 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.

The Company was required to implement this workforce reduction in the context of its ongoing proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) as per the terms and conditions of the debtor-in-possession (DIP) financing provided by the lenders under the Company’s senior revolving credit agreement in connection with such proceedings, in order to fund the sale and investment solicitation process (“SISP”) being conducted in the context of the proceedings as well as the Company’s operations during the restructuring process.

As previously announced, the Superior Court of Quebec (Commercial Division) issued on December 18, 2024 an initial order granting the Company and its subsidiaries protection under the CCAA as well as an order approving a SISP in respect of the Company’s business or assets. Documents relating to the Company’s restructuring process are available on the monitor’s website at https://www.insolvencies.deloitte.ca/en-ca/pages/Lion-Electric-Company.aspx.

ABOUT LION ELECTRIC

Lion Electric is an innovative manufacturer of zero-emission vehicles, including all electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies. 

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), including statements about Lion’s beliefs and expectations and other statements that are not statements of historical facts. Forward-looking statements may be identified by the use of words such as “believe,” “may,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “potential,” “seem,” “seek,” “future,” “target” or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled “Risk Factors” of the Company’s annual management’s discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company’s interim MD&As. Many of these risks are beyond Lion’s management’s ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company’s annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.

See section 2.0 of the Company’s interim management’s discussion and analysis for the three and nine months ended September 30, 2024 (the “Interim MD&A”), entitled “Basis of Presentation,” section 15.0 of the Company’s Interim MD&A entitled “Liquidity and Capital Resources,” and note 2 of the Company’s unaudited condensed interim consolidated financial statements as at September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 which indicate the existence of material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern.

View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-further-workforce-reduction-in-the-context-of-ongoing-ccaa-proceedings-302342038.html

SOURCE The Lion Electric Co.

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Chaberton Energy RFP Seeks Farming Partners for two Maryland Agrivoltaics Projects

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37 minutes ago

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April 23, 2026

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Agrivoltaics co-locates solar facilities and agricultural activity while creating access to lower-cost energy for community members during a time of spiking prices.

Chaberton is partnering with Okovate Sustainable Energy to select farmers for the Montgomery County, Md., projects.

ROCKVILLE, Md., April 23, 2026 /PRNewswire/ — Chaberton Energy invites Maryland farmers to respond to two requests for proposal (RFPs) to farm up to 27 acres of land in Montgomery County as part of an agrivoltaics initiative. Agrivoltaics is the practice of co-locating solar power projects with farming activities.

This opportunity will provide selected farmers with access to land at no cost as well as compensation for vegetation management at the site. Chaberton is working with Okovate Sustainable Energy to solicit and evaluate proposals from farmers interested in using the land under and between the projects’ rows of solar panels for crop farming and/or animal grazing.

The RFPs come at a time when Maryland imports more than 40% of its electricity, leaving ratepayers exposed to volatile wholesale prices. These projects bring distributed solar closer to the communities that need it most, providing lower-cost energy to nearly 1,000 local households while supporting agricultural businesses in the area.

“These projects are among Montgomery County’s first agrivoltaics projects,” said Ryan Boswell, vice president of development for Chaberton Energy. “Everybody benefits when farmers, communities, local governments and energy developers work together toward a shared set of goals.”

The solar projects align with Maryland’s renewable energy and agricultural sustainability goals. Selected farmers will develop tailored farming plans for each site and seek the required review from the Montgomery County Office of Agriculture.

“Together we’re building out the energy network we need while keeping agricultural land productive,” said Miles Braxton, CEO and co-founder of Okovate. “This is an opportunity to provide land access to local farmers looking to expand or start their operations, while also leasing land for solar that helps meet the growing energy demand.”

Chaberton Solar Sugarloaf in Dickerson, Md., will have a generating capacity of 5.23 megawatts. It spans 19 acres, with 16 acres covered by the solar array and a 3-acre buffer zone. Approximately 10 acres of land in between solar panel rows and a total of 13 acres are available for agricultural use.

Chaberton Solar Ramiere in Poolesville, Md., is a 3.88 megawatt project spanning 11 acres, with approximately 8 acres covered by the solar array and a 2-acre buffer zone. Approximately 5 acres of land in between solar panel rows and a total of 7 acres are available for agricultural use.

Farmers or agricultural operators responding to the RFPs must submit a proposal that provides a clear vision for how they will utilize one or both agrivoltaics sites and outlines their approach to vegetation management, agricultural production and sustainable practices. Complete information as well as application forms are available at chaberton.com/RFP26.

About Chaberton Energy
Chaberton Energy is a public benefit corporation developing community-scale energy projects, with a focus on distributed solar and battery energy storage. A national developer with roots in the communities it serves, Chaberton is a two-time Inc. 5000 awardee, ranking in 2025 as the No. 53 fastest-growing private company in America and the No. 2 energy company on the list. With a commitment to creativity, excellence, and humanity, Chaberton’s team develops distributed solar and battery energy storage projects that improve grid reliability and resilience while lowering electricity costs for community members and businesses.

Media Contact
Lia Morrison 
lia.morrison@chaberton.com 
412-573-9095

View original content to download multimedia:https://www.prnewswire.com/news-releases/chaberton-energy-rfp-seeks-farming-partners-for-two-maryland-agrivoltaics-projects-302752253.html

SOURCE Chaberton Energy

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Empire Asset Finance Adds Katharine Rudzitis as Vice President, Direct Originations

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37 minutes ago

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April 23, 2026

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Empire Asset Finance, LLC (“Empire”) has added Katharine Rudzitis as Vice President, Direct Originations, further expanding the firm’s direct origination capabilities as it continues to scale its equipment finance platform serving middle-market, private equity-sponsored, and non-sponsored companies.

NEW YORK, April 23, 2026 /PRNewswire-PRWeb/ — Empire Asset Finance, LLC (“Empire”) has added Katharine Rudzitis as Vice President, Direct Originations, further expanding the firm’s direct origination capabilities as it continues to scale its equipment finance platform serving middle-market, private equity-sponsored, and non-sponsored companies.

Rudzitis brings more than a decade of experience originating and executing asset-backed transactions for North American businesses. She partners closely with corporate borrowers, private equity sponsors, and advisors to deliver flexible, tailored equipment financing solutions across a wide range of company stages and credit profiles.

Prior to joining Empire, Rudzitis spent ten years at Macquarie Group, where she focused on providing equipment finance solutions for clients across the manufacturing, industrial, commodity, and technology sectors.

“Katharine brings deep experience navigating complex equipment and asset-backed transactions and a thoughtful, solutions-oriented approach to serving middle-market clients,” said Rick Rockhold, CEO of Empire. “She understands how to deliver flexible capital solutions that align with sponsor and borrower objectives, and we are excited to have her join Empire as we continue to grow our direct origination platform.”

“Her institutional background and disciplined approach to sourcing and executing transactions are highly aligned with how we operate,” said Mike Miroshnikov, Chief Operating Officer and Chief Credit Officer of Empire. “Katharine brings a strong ability to navigate complex situations, combined with a structured, process-driven mindset that supports consistency and high-quality outcomes across a wide range of client needs.”

In her role, Rudzitis will focus on expanding Empire’s direct origination efforts and deepening relationships with private equity sponsors, corporate borrowers, and advisors.

Rudzitis holds a BA in Mathematics, English, and Classics from Amherst College.

About Empire Asset Finance, LLC

Empire Asset Finance, LLC is a direct private credit lender focused on mid-to large-ticket equipment financing solutions for underserved middle-market companies. Backed by Arena Investors LP, Empire delivers flexible capital structures, white-glove service, and technology-driven execution that empowers businesses to grow while preserving liquidity.

About Arena Investors, LP

Arena Investors, LP is a global institutional asset manager founded in 2015 by Daniel Zwirn, a veteran investor with over two decades of experience building alternative asset platforms. Arena is a global multi-strategy investment firm with approximately $4.6 billion of assets under management and programmatic capital as of June 30, 2025. The firm is a subsidiary of Arena Investors Group Holdings (“AIGH”). AIGH, along with its affiliate, Ceres Life Insurance, comprises the Westaim Corporation (TSXV: “WED”), an integrated asset management and life insurance and annuity provider.

Media Contact

Rick Rockhold, Empire Asset Finance, LLC, 1 7189643439, rrockhold@empireassetfinance.com, http://www.empireassetfinance.com/ 

View original content:https://www.prweb.com/releases/empire-asset-finance-adds-katharine-rudzitis-as-vice-president-direct-originations-302751354.html

SOURCE Empire Asset Finance, LLC

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OverActive Media to Host Fourth Quarter 2025 Conference Call

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37 minutes ago

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April 23, 2026

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TORONTO, April 23, 2026 /CNW/ – OverActive Media Corp. (“OverActive” or the “Company”) (TSXV: OAM) (OTC: OAMCF) (WKN: A3CSPU) (FSE: 0RB), a global digital media, esports and entertainment company for today’s generation of fans will report its fourth quarter 2025 results after market close on Tuesday, April 28, 2026. The Company will hold a conference call the following day, call hosted by Adam Adamou, CEO and Co-Founder.

WHAT: Q4 2025 Earnings Conference Call

WHEN: Wednesday, April 29, 2026, at 9:00 a.m. ET
Please connect at least 15 minutes before the conference call.

PARTICIPANT INFORMATION

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4tu24C0 to receive an instant automated callback. 

You can also dial directly to be entered into the call by an operator.

Call Details: 416-945-7677 or 1-888-699-1199

The conference call will be webcast live in its entirety at 9:00 a.m. ET at https://app.webinar.net/lqrNZlWd29V, and it will be archived for three months.

Links to SEDAR filings and press releases are available on the investor website at https://overactivemedia.com/pages/filings. 

TELEPHONIC REPLAY

Call Details: 289-819-1450 or 1-888-660-6345
Encore Replay Entry Code: 96797 #
Encore Replay Expiration Date: Wednesday, May 6, 2026

About OverActive Media

OverActive Media Corp. (TSXV: OAM) (OTC:OAMCF) (WKN:A3CSPU) (FSE:0RB) is headquartered in Toronto, Ontario, with operations in Madrid, Spain and Berlin, Germany, is a premier global esports and entertainment company for today’s generation of fan. OverActive Media owns team franchises in professional esports leagues, including the Call of Duty League, operating as the Toronto KOI, the League of Legends EMEA Championship (LEC), operating as Movistar KOI, operating as Movistar KOI in other professional esports leagues and competitions. OverActive also operates ActiveVoices, an AI-driven content localization and monetization platform that enables creators and brands to expand their audiences globally and unlock new revenue streams through automated translation, dubbing, and distribution.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Overactive Media Corp.

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