![]() Its stock price is currently hovering at 39 cents after peaking at $31.57 in early 2021. ![]() The EV maker had just $108.1 million in cash (and cash equivalents) on March 31st. Lordstown reported a net loss of $171.1 million in the first quarter of this year, following a loss of $89.6 million in the same quarter a year ago. However, it concedes that bankruptcy is on the table if it can’t resolve the dispute “in a timely manner on terms that allow us to continue operating as planned” or find other strategic partners. Lordstown said it believes Foxconn’s claims are without merit and considers their investment agreement to remain in effect while talks continue. (That followed a previous deal where Foxconn bought its Ohio factory.) In the letter, Foxconn told Lordstown it breached the agreement because the startup’s stock price fell below $1 per share for 30 straight trading days, leading to a NASDAQ delisting notice. “To date, we have not identified a strategic partner for the Endurance.”Īccording to the SEC filing, Foxconn sent a letter to Lordstown on April 21st, threatening to terminate the two companies’ investment deal, which saw the Taiwanese manufacturer investing up to $170 million in the startup. “Due to the production delays from early January to mid-April 2023, the failure to identify a strategic partner for the Endurance, and extremely limited ability to raise capital in the current market environment, we anticipate production of the Endurance will cease in the near future,” the company wrote in today’s filing. The warning follows a separate filing from earlier this week saying it could file for bankruptcy if its deal with Foxconn can’t be resurrected. Twistit Motorsports Transmissions-Truck & Tractor (2) BBB Rating: A+ Website 14 YEARS IN BUSINESS (330) 633-3901 218 S Thomas Rd Tallmadge, OH 44278 CLOSED NOW SW Great group of people very honest. The Endurance electronic pickup truck maker said today that it expects to stop producing the vehicle “in the near future” if it can’t find a partner to keep it afloat. Twistit Motorsports Motorcycle Dealers Motorcycle Customizing (330) 633-3901 879 Moe Dr Ste 15 Akron, OH 44310 2. The game is over when there are no more action points left.EV startup Lordstown Motors is still in trouble after pausing production earlier this year. The more balls of the same color you build in a line at a time, the more action points you gain. ![]() When you build a line of 3 or more balls of the same color, the number of action points left will be increased. However, you are limited to a certain number of actions points. The game is over when there is no more time. The more balls of the same color you build in a line at a time, the more time limit will be increased. When you build a line of 3 or more of the same color, the time left will be increased. You can swap any adjacent balls with a certain time limit. ![]() The game is over when there is no any opportunity to make such line. Every time you make such line of balls, points will be added to your score. You can swap adjacent balls only when the result brings 3 or more balls of the same color in a line. Use this option if it is hard for you to distinguish some colors of the balls.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |