Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement

20:17 26.07.2021
Five weeks after Lordstown Motors issued a warning that it might not have enough funds to bring its electric pickup truck to market, a hedge fund managed by investment firm Yorkville Advisors has agreed to buy $400 million worth of shares over a three-year period, according to a regulatory filing posted Monday. The tumult within […]...
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