Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according to a regulatory filing.
Burns has sold his stake in three transactions between May and June, about 581,000 shares were divested before the reverse stock split and 791,572 shares after, the filing on Wednesday showed.it planned to take legal action against Taiwanese contract manufacturer Foxconn to ensure the planned purchase of nearly 10% of the company's shares was not derailed.
Burns in 2021 resigned from the role of CEO alongside then Chief Financial Officer Julio Rodriguez following anLordstown has acknowledged that it had overstated pre-orders for its electric trucks but rejected Hindenburg's claims that the company had misled investors about production plans and exaggerated the potential of its technology.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disasters are coming more frequently, crossing Team Rubicon - CEO SpotlightArt delaCruz, CEO, Team Rubicon joins KRLD's David Johnson for this episode of CEO Spotlight.
Read more »
5 Electric Scooters From Voro Motors To Fit Every Need5 Electric Scooters From Voro Motors To Fit Every Need via insideevs.com
Read more »
Mercedes-Benz EQG—the electric G-Class—to get four motorsThe electric G-Class's motors will sit near the wheels and help give the SUV the off-road prowess expected of the name.
Read more »
ESPN's Stephen A. Smith burns Prince Harry and Meghan Markle after Spotify exitESPN star Stephen A. Smith touched on Prince Harry and Meghan Markle's decision to leave Spotify after Bill Simmons torched the royals last week.
Read more »
Asteroid City Interview: Hope Davis & Stephen Park Talk Wes Anderson MovieComingSoon's Jonathan Sim interviews Hope Davis and Stephen Park on their new Wes Anderson movie Asteroid City.
Read more »
Stephen A. Smith expresses interest in succeeding Pat Sajak as host of ‘Wheel of Fortune’“I wanna throw my name in the hat,” ESPN personality Stephen A. Smith said. He isn’t the only celebrity who has expressed interest in taking over for as the “Wheel of Fortune” host.
Read more »