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Get Ready For The SPAC Frenzy In Clean Energy

Get Ready For The SPAC Frenzy In Clean Energy
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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Struggling EV truckmaker Lordstown Motors keeps target production date

From Bloomberg: The company said its battery line is now fully commissioned and its plant is production-ready for September. Lordstown, which has previously warned that it may not be able to continue as a going concern, said Wednesday, Aug. 11, that it expects to have liquidity of between $225 million and $275 million in cash and cash equivalents at the end of the third quarter without including any funds from capital raises. ....

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Workhorse reviews electric van designs, distances itself from Lordstown Motors

Workhorse reviews electric van designs, distances itself from Lordstown Motors
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

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Lordstown Gets Lifeline As Investment Firm Agrees To Buy $400 Million Worth Of Stock

Lordstown Gets Lifeline As Investment Firm Agrees To Buy $400 Million Worth Of Stock
carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.

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Lordstown Motors receives $400 million investment from hedge fund

Lordstown Motors receives $400 million investment from hedge fund
Detroit Lordstown Motors Corp. has received a $400 million equity investment from a New Jersey-based hedge fund to help the startup launch and accelerate production of its Endurance electric truck in September.
The Ohio-based startup and YA II PN Ltd., a fund managed by New Jersey-based Yorkville Advisors Global LP, formed an equity purchase agreement on July 23 in which YA agreed to purchase up to $400 million of Lordstown s Class A common stock with the price equaling or exceeding $7.48 per share, according to a filing Monday with the Securities and Exchange Commission.
Lordstown s stock jumped 10% after the announcement, but then declined throughout the trading session and closed down 2.5% at $7.29 per share. The investment comes after months of struggle for the startup, which told the SEC last month it might not survive the next year without additional funding. Lordstown is one of ....

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