Lordstown Motors Flags Crisis With ‘going Concern’ Warning

by finance.yahoo.com posted 1month ago 6 views
Keith Bliss joins Jared Blikre to identify opportunities in this unique market environment on Wednesday, 6/9 at 2PM EDT (Bloomberg) -- Lordstown Motors Inc., an electric-vehicle startup that recently went public, may not have enough cash to get its debut pickup truck to market and might not survive the next 12 months if it can’t raise more more capital. “The company believes that its current level of cash and cash equivalents are not sufficient” to complete the development of its electric vehicles and launch the Endurance pickup, Lordstown said in the filing Tuesday.

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