Lordstown (RIDE) announces reverse stock split amidst dispute with Foxconn

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Go back to Lordstown (RIDE) announces reverse stock split amidst dispute with Foxconn

Lordstown Motors Corp. Announces Reverse Stock Split

May 23, 2023 7:15 AM EDT

LORDSTOWN, Ohio, May 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors, LMC or the Company), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will effect a 1:15 reverse stock split (the Reverse Stock Split) of its Class A common stock, $0.0001 par value per share (the Class A common stock), that will become effective at 12:01 a.m. Eastern Time on May 24, 2023 (the Effective Time). Lordstown Motors Class A common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market (Nasdaq), under its existing symbol, RIDE, when... More