Lordstown Motors skids on delisting notice from Nasdaq

Nu Ride

29/06/2023 12:56

** Shares of electric truck maker Lordstown Motors  RIDE.O 
fall 5.7% to $1.9 before the bell
    ** Co receives delisting notice from Nasdaq; says trading in
class A common stock will be suspended on July 7, 2023
    ** Notice comes two days after co filed for bankruptcy
protection, after failing to resolve a dispute over a promised
investment from Taiwan's Foxconn  2354.TW 
    ** RIDE has fallen 23.5% since it filed for bankruptcy
protection; down nearly 88% YTD

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))