Lordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn
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Senate Republicans call for Biden to scrap plans to cut emissions and ramp EV sales
May 25, 2023 1:42 PM EDTA coalition of 27 Senate Republicans spoke out Thursday, calling on the Biden administration to abandon its proposal to significantly reduce vehicle emissions by 2032 and accelerating the adoption of electric vehicle sales.
In a letter led by West Virginia Senator Shelley Moore Capito, lawmakers said the administration plan will "effectively mandate a costly transition to electric cars and trucks in the absence of... More
Nikola (NKLA) shares plummet following delisting notice
May 25, 2023 11:51 AM EDTNikola Corp. (NASDAQ: NKLA) announced on Thursday that it has been issued a delisting notice by Nasdaq due to its failure to meet the minimum bid price requirements set by the exchange.
Shares of the company sank more than 15% to 65 cents... More
Lordstown (RIDE) announces reverse stock split amidst dispute with Foxconn
May 23, 2023 10:39 AM EDTShares of electric automaker, Lordstown Motors (NASDAQ: RIDE) slid about 10% in pre-market trading Tuesday after the company announced a 1:15 reverse stock split of its Class A common stock, $0.0001 par value per share. The split will go into effect at 12:01 a.m. Eastern Time on May 24, 2023.
The Reverse Stock Split was approved by the Companys stockholders at its 2023 Annual Meeting of Stockholders, held on May 22, with the final ratio determined by the Companys board of directors.
RIDE hopes the move will improve the marketability and liquidity of... More
