RIDE Jan 2024 1.500 put
| Previous Close | 1.2500 |
| Open | 1.2500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 1.50 |
| Expire Date | 2024-01-19 |
| Day's Range | 1.2500 - 1.2500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 123 |
WSJFires, Short Sellers and an EV Recall: Inside Lordstown Motors’ Decline
Lordstown Motors was once in the race to build America’s first EV pickup truck. But now – after vehicle fires, short seller reports and recalls – the company has turned to a reverse stock split to try and avoid filing for bankruptcy protection. Illustration: David Fang
- Reuters
UPDATE 3-Lordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn
Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn, which has threatened to scrap a crucial $170 million funding for the struggling electric-vehicle maker. The 1:15 split has been scheduled for May 24, the company said, but added there was no assurance that the Foxconn deal will close. Lordstown Motors' shares fell 10% in premarket trading to $0.26, slipping further below the $1 minimum listing requirement of the Nasdaq.
ReutersLordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn
The 1:15 split has been scheduled for May 24, the company said, but added there was no assurance that the Foxconn deal will close. Lordstown Motors' shares fell 10% in premarket trading to $0.26, slipping further below the $1 minimum listing requirement of the Nasdaq. Foxconn did not immediately respond to a request for comment.
GlobeNewswireLordstown Motors Corp. Announces Reverse Stock Split
LORDSTOWN, Ohio, May 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors,” “LMC” or the “Company”), an original equipment manufacturer (“OEM”) of electric vehicles focused on the commercial fleet market, today announced that it will effect a 1:15 reverse stock split (the “Reverse Stock Split”) of its Class A common stock, $0.0001 par value per share (the “Class A common stock”), that will become effective at 12:01 a.m. Eastern Time on May 24, 2023 (the “Effecti
BloombergFoxconn Says Lordstown Plant Useful No Matter How Dispute Ends
(Bloomberg) -- Foxconn Technology Group will be able to make good use of its electric-vehicle factory in Lordstown, Ohio, no matter how its dispute with Lordstown Motors Corp. is resolved, Chairman Young Liu said.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in S
ReutersCash-strapped Lordstown may tap the brakes on Endurance production
The cash-strapped EV maker had earlier this week said it might be forced to file for bankruptcy, citing uncertainty over a $170 million investment deal with its major shareholder Foxconn. Lordstown, named after the town in Ohio where it is based, said on Thursday it was in talks with the Apple Inc supplier but was yet to reach a deal. In May 2022, Lordstown Motors completed a deal to sell its Ohio factory for $230 million to Foxconn, excluding assets such as the hub motor assembly and battery pack lines.
- Reuters
UPDATE 2-Cash-strapped Lordstown may tap the brakes on Endurance production
Lordstown Motors on Thursday reported a steep fall in its cash reserves and warned it might have to stop making its Endurance electric pickup truck in the near future unless it finds a partner. The cash-strapped EV maker had earlier this week said it might be forced to file for bankruptcy, citing uncertainty over a $170 million investment deal with its major shareholder Foxconn. Lordstown, named after the town in Ohio where it is based, said on Thursday it was in talks with the Apple Inc supplier but was yet to reach a deal.
Yahoo Finance VideoJPMorgan acquires First Republic, DeSantis-Disney feud escalates, Lordstown Motors' warning
Yahoo Finance Live's Seana Smith breaks down the three top stories from the market day on Monday.
Yahoo Finance VideoLordstown Motors Corp. stock plummets following dispute with Foxconn
Yahoo Finance Live discusses a drop in Lordstown Motors Corp. shares following a reported dispute with Foxconn.
- Reuters
UPDATE 1-Lordstown's funding in crisis as investor Foxconn alleges agreement breach
Major shareholder Foxconn is alleging that Lordstown Motors had breached their $170 million investment deal, the EV maker said on Monday, while warning that it might not have enough cash to fund its operations if the agreement falls through. Lordstown, whose shares tumbled 15% in early trading, said Foxconn pointed to the delisting notice that the company received from the Nasdaq in a letter alleging the breach. Foxconn did not immediately respond to a request for comment.
ReutersLordstown shares dive 23% as investor Foxconn alleges agreement breach
(Reuters) -Lordstown Motors warned on Monday it might be forced to file for bankruptcy due to uncertainty over a $170 million investment deal with its major shareholder Foxconn, sending shares of the Ohio-based electric truck maker down 23%. Foxconn struck a deal in November to take a near-20% stake in the money-losing U.S. firm for up to $170 million. It has since invested $52.7 million and is balking at purchasing additional shares, citing a breach of their agreement, Lordstown said.
- Reuters
Lordstown receives letter from Foxconn alleging agreement breach
Lordstown receives letter from Foxconn alleging agreement breach
ReutersLordstown Motors gets Nasdaq delisting notice, explores reverse stock split
The company received the notice because the closing bid price for the electric-truck maker's class A common stock fell below the minimum required price of $1 per share for 30 straight sessions, according to a regulatory filing. Like other EV companies, Lordstown has been plagued with surging costs and supply challenges, and missed the delivery target for its Endurance pickup truck. Lordstown had put in a proposal on April 11 for its annual shareholder meeting, slated for May 22, to get an approval to carry out a reverse stock split of its class A common stock in the ratio ranging from one-for-three to one-for-fifteen.
GlobeNewswireLordstown Motors Taps Amerit Fleet Solutions for Service & Warranty as Production Resumes
Lordstown Endurance The Lordstown Endurance is the only all-electric pickup solely for commercial fleets, designed to optimize critical vehicle capabilities of traction and maneuverability, safety and value. LORDSTOWN, Ohio, April 18, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or the “Company”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, and Amerit Fleet Solutions (“Amerit”), a provid
Motley FoolWhy Canoo, Nikola, and Lordstown Motors Are Falling Today
Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.
ZacksEV Roundup: RIDE's Q4 Results, RIVN's $1.3B Green Bond Offering & More
While Lordstown (RIDE) Q4 adjusted loss widens from the year-ago period, Rivian (RIVN) plans to raise $1.3 billion through green bonds sale.
- GlobeNewswire
Lordstown Motors Exhibiting at NTEA Work Truck Week March 7-10
LORDSTOWN, Ohio, March 08, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), an original equipment manufacturer of electric light duty vehicles focused on the commercial fleet market, will be in Booth #6009 at the March 7-10 Work Truck Week in Indianapolis. The EV innovator is bringing the Lordstown Endurance™ full size all-electric pickup onsite at the Work Truck Week show at the Indiana Convention Center. The Lordstown Endurance™ began commercial production at the Foxconn EV Ohio
Motley FoolWhy Lordstown Motors Dropped Again Tuesday
Lordstown Motors (NASDAQ: RIDE) continued a decline Tuesday morning that started after the electric vehicle (EV) start-up reported its fourth-quarter and full-year 2022 earnings yesterday. After dropping nearly 10% Monday, the stock was down as much as another 5% Tuesday morning. It recently announced a recall along with the suspension of production and deliveries due to quality problems.
- Thomson Reuters StreetEvents
Q4 2022 Lordstown Motors Corp Earnings Call
Q4 2022 Lordstown Motors Corp Earnings Call
- Reuters
UPDATE 3-Lordstown Motors loss swells as delivery delays, production costs weigh
Lordstown Motors Corp on Monday posted a bigger quarterly loss, as the electric-vehicle (EV) maker struggled with production costs and missed the delivery target for its Endurance pickup truck, dragging its shares by about 5%. EV companies that went public in the past few years have been battling surging costs and challenges in securing supply of parts to make enough vehicles to meet the sector's burgeoning demand. At the start of commercial production in September, the company had set a target to deliver 50 vehicles in 2022 and more in 2023 out of the planned first batch of 500 units.
ReutersLordstown Motors loss swells as delivery delays, production costs weigh
EV companies that went public in the past few years have been battling surging costs and challenges in securing supply of parts to make enough vehicles to meet the sector's burgeoning demand. At the start of commercial production in September, the company had set a target to deliver 50 vehicles in 2022 and more in 2023 out of the planned first batch of 500 units. However, it suspended production last month due to performance and quality issues with some components and reported sales of only six vehicles.
- Reuters
Lordstown Motors loss widens as higher costs, delivery delays weigh
Lordstown Motors Corp on Monday posted a bigger loss for the fourth quarter, as the electric-vehicle maker struggled with production costs and missed its delivery target for the Endurance pickup truck in the period. In September, when its commercial production commenced, Lordstown had said it aimed to deliver 50 vehicles in 2022 and more in 2023 out of the planned first batch of 500 units. However, it made only 31 units for sale and suspended production of the pickup truck due to performance and quality issues with some components.
- GlobeNewswire
Lordstown Motors Reports Fourth Quarter and Fiscal Year 2022 Financial Results
LORDSTOWN, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE “Lordstown Motors” or “LMC”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, today released its fourth quarter and fiscal year 2022 financial results and provided a business update. Fourth Quarter and Recent Business Highlights Foxconn Investment of up to $170 million, subject to certain conditions; initial $52 million fundedProgressed pre-d
- Investing.com
Tesla and Apple rise premarket; Norfolk Southern and Lordstown Motors fall
By Peter Nurse