Brief: Lordstown Motors Announces Strategic Restructuring Process

Stark Novus Financial

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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