Brief: Workhorse Group Inc Received A Letter From Lordstown Motors

Workhorse

02/02/2023 22:16

Feb 2 (Reuters) - Lordstown Motors Corp  RIDE.O :
    * WORKHORSE GROUP INC - ON JANUARY 27, RECEIVED A LETTER
FROM
LORDSTOWN MOTORS
    * WORKHORSE GROUP-LETTER PURPORTING TO TERMINATE, EFFECTIVE
MARCH
27, PREVIOUSLY DISCLOSED IP LICENSE AGREEMENT DATED NOV 7, 2019
BETWEEN CO AND LMC
    * WORKHORSE GROUP - BELIEVES THAT THE AGREEMENT PROVIDES
THAT
LMC’S OBLIGATION TO PAY THE ROYALTIES SURVIVES TERMINATION OF
THE AGREEMENT

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