Monday, August 3, 2020

EV maker Lordstown Motors plans IPO, merging with blank check firm

Lordstown Motors said it expects to receive about $675 million of gross proceeds from the deal and will use the funds for the production of its news Endurance electric truck, which has secured $1.4 billion worth of pre-orders.



from Section Page News - Automotive News https://ift.tt/3foybw5

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