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Lordstown Motors Corp. - RIDE STOCK NEWS

Welcome to our dedicated news page for Lordstown Motors (Ticker: RIDE), a resource for investors and traders seeking the latest updates and insights on Lordstown Motors.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lordstown Motors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lordstown Motors's position in the market.

Rhea-AI Summary
Lordstown Motors Corp. has received approval from the United States Bankruptcy Court for its first day motions filed in its chapter 11 cases. The Court also granted interim approval for the company's employee wages and benefits motion. Lordstown can continue paying employees and suppliers/vendors for authorized goods and services. The company is now focused on the expedited marketing and sale process for its assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
none
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Rhea-AI Summary
Lordstown Motors Corp. has received approval from the United States Bankruptcy Court for its first day motions filed in its chapter 11 cases. The Court also granted interim approval for the company's employee wages and benefits motion. Lordstown can continue paying employees and suppliers/vendors for authorized goods and services. The company is now focused on the expedited marketing and sale process for its assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.64%
Tags
none
-
Rhea-AI Summary
Lordstown Motors Corp. has filed a complaint against Foxconn for fraud and breach of contract, leading to material damage to the company. Lordstown is commencing a sale process for its Endurance vehicle and related assets and has filed for Chapter 11 bankruptcy to implement a restructuring. The company is debt-free and has significant cash-on-hand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
none
Rhea-AI Summary
Lordstown Motors Corp. has filed a complaint against Foxconn for fraud and breach of contract, leading to material damage to the company. Lordstown is commencing a sale process for its Endurance vehicle and related assets and has filed for Chapter 11 bankruptcy to implement a restructuring. The company is debt-free and has significant cash-on-hand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.18%
Tags
none
-
Rhea-AI Summary
Lordstown Motors Corp. announces a 1:15 reverse stock split of its Class A common stock, effective May 24, 2023. The split is intended to improve marketability and liquidity and satisfy Nasdaq's minimum bid price requirement. The company has taken cost-cutting measures due to a dispute with Foxconn and uncertainty about funding obligations. Cash reserves as of April 30, 2023, were approximately $165 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.3%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.25%
Tags
none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.93%
Tags
earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.38%
Tags
earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
none
Lordstown Motors Corp.

OTC:RIDE

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Automobile Manufacturing
Manufacturing

About RIDE

lordstown motors corp., an automotive company, develops, manufactures, and sells light duty electric trucks targeted for sale to fleet customers. it primarily develops endurance, an electric full-size pickup truck. lordstown motors corp. was founded in 2019 and is based in lordstown, ohio.