Lordstown Motors Announces Strategic Restructuring Process
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June 29, 2023 8:24 AM EDT
Shares of Lordstown Motors (NASDAQ: RIDE) fell more than 5% in pre-market trading Thursday after the company revealed that it has been issued a delisting notice by the Nasdaq exchange, shortly after filing for bankruptcy protection. The stock has tumbled about 88% this... More
June 27, 2023 7:38 AM EDT
Shares of Lordstown Motors (NASDAQ: RIDE) are nearly 64% lower in pre-market trading after it was announced that the U.S. electric truck maker filed for bankruptcy protection on Tuesday and decided to put itself up for sale. The decision follows a dispute over a promised investment from Taiwan's Foxconn.
The automaker filed for Chapter 11 protection in Delaware and simultaneously took legal action against... More
