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Lordstown Motors draws $400 million line of equity funding
Lordstown Motors disclosed hedge fund YAN PN Ltd will buy up to 400 million dollars of its shares over three years as the company pursues a fall production start for its Endurance pickup. The Ohio firm faces scrutiny over order claims and regulatory probes linked to its Diamond Peak merger, with executives resigning amid ongoing investigations.
MENTIONED IN THIS ARTICLE
Lordstown
Lordstown Motors
Ohio Company
Securities and Exchange Commission
YAN PN Ltd
Diamond Peak
New York
YA II PN Ltd