Lordstown Motors disputes Foxconn's termination of investment deal; critical funding at risk

NU RIDE INC.

Foxconn sent notice April 21 claiming breach due to Nasdaq bid price non-compliance; Lordstown disputes validity.
CFIUS clearance received April 25; subsequent common closing of ~$47.3M due by May 8 but Foxconn may not proceed.
Additional $70M preferred stock funding contingent on EV milestones; parties failed to agree by May 7 deadline per company.
Company evaluates legal alternatives; warns loss of Foxconn funding could force curtailment or bankruptcy.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.