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2021-08-12

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Lordstown Motors shares jumped 5.73% in premarket trading.

Lordstown Motors shares jumped 5.73% in premarket trading. The electric vehicle startup said it is o

Lordstown Motors shares jumped 5.73% in premarket trading.

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16:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Lordstown Motors&nbsp;shares&nbsp;jumped&nbsp;5.73%&nbsp;in premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/56d09c6abdb80c30f11968512ed93b0c\" tg-width=\"888\" tg-height=\"643\" referrerpolicy=\"no-referrer\">The electric vehicle startup said it is on track to begin limited production by&nbsp;the end of September and is in talks with multiple partners that could lead to additional capital infusion.</p>\n<p>Lordstown Motors executives told investors in a post-earnings call that it expects to secure regulatory approvals for<b>Endurance</b>, its electric truck, between December to January.</p>\n<p>Commercial delivery of Endurance will begin in the first quarter to selected early customers followed by commercial deliveries in the second quarter.</p>\n<p>Lordstown also said it is making efforts to raise fresh capital and exploring a variety of other financing&nbsp;options, including non-dilutive private strategic investments and debt.</p>\n<p>The electric vehicle startup came under regulatory scrutiny earlier this year following short seller Hindenburg Research’s report that claimed Lordstown Motors was misleading investors and overstating the demand for the Endurance.</p>\n<p>A special board committee formed to investigate the short seller’s allegations, found some company statements around truck pre-orders were inaccurate but rejected the report as false and misleading in significant respects.</p>\n<p>The company had in June issued a grim warning that, without additional funding, it couldn’t scale commercial truck production and had serious doubts about whether it could survive the year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122574836","content_text":"Lordstown Motors shares jumped 5.73% in premarket trading.\nThe electric vehicle startup said it is on track to begin limited production by the end of September and is in talks with multiple partners that could lead to additional capital infusion.\nLordstown Motors executives told investors in a post-earnings call that it expects to secure regulatory approvals forEndurance, its electric truck, between December to January.\nCommercial delivery of Endurance will begin in the first quarter to selected early customers followed by commercial deliveries in the second quarter.\nLordstown also said it is making efforts to raise fresh capital and exploring a variety of other financing options, including non-dilutive private strategic investments and debt.\nThe electric vehicle startup came under regulatory scrutiny earlier this year following short seller Hindenburg Research’s report that claimed Lordstown Motors was misleading investors and overstating the demand for the Endurance.\nA special board committee formed to investigate the short seller’s 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