other material
confidence high
sentiment neutral
materiality 0.50
Lordstown Motors sells 9.2M shares to YA II PN for $23M to fund Endurance
NU RIDE INC.
- Sold 9,199,265 shares at ~$2.5002/share for $23M total to YA II PN, LTD.
- Proceeds to fund production of the Endurance all-electric pickup truck.
- Company may require YA to purchase additional shares under the existing Equity Purchase Agreement.
- Shares issued under Section 4(a)(2) exemption for accredited investor.