Brief: Lordstown Motors Announces Strategic Restructuring Process
27/06/2023 06:03
June 27 (Reuters) - Lordstown Motors Corp RIDE.O :
* LORDSTOWN MOTORS ANNOUNCES STRATEGIC RESTRUCTURING PROCESS
* LORDSTOWN MOTORS ANNOUNCES STRATEGIC RESTRUCTURING PROCESS
* SAYS COMPANY IS DEBT-FREE AND CONTINUES TO OPERATE WITH
SIGNIFICANT CASH-ON-HAND
* COMMENCES COMPREHENSIVE SALE PROCESS FOR ENDURANCE TRUCK
AND
RELATED EV ASSETS
* FURTHER ANTICIPATES THAT RESTRUCTURING WILL ENABLE AN
EXPEDITED
TIMELINE FOR HEARING LORDSTOWN'S LITIGATION AGAINST FOXCONN
Source text for Eikon: ID:nPn2vMF2Sa
Further company coverage: RIDE.O
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