WILMINGTON, Del., April 5, 2024 /PRNewswire/ -- Labaton Keller Sucharow LLP announce that the United States Bankruptcy Court for the District of Delaware has approved the following announcement of a proposed settlement that would benefit purchasers of Lordstown Motors Corp. (NASDAQ:RIDE) (NASDAQ:RIDEW): SUMMARY NOTICE OF CERTIFICATION OF SETTLEMENT CLASS AND PROPOSED SETTLEMENT If you purchased the publicly traded securities of Lordstown Motors Corp. ("LMC") during the period from August 3, 2020 through July 2, 2021, and/or held LMC's publicly traded Class A Common Stock on September 21, 2020, and were damaged thereby, you may be entitled to a payment from a settlement. YOU ARE HEREBY NOTIF

Enables uninterrupted continuation of business operations and commitments to stakeholders  LORDSTOWN, Ohio, June 28, 2023 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown" or the "Company"), today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") entered orders (or indicated it would enter orders) granting approval, on an interim or final basis (as applicable to the requested relief), of all of the Company's "first day" motions filed in its chapter 11 cases (the "Chapter 11 Cases") on June 27, 2023 (the "Petition Date"). 

Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown" or the "Company"), an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet market, today announced a strategic restructuring process to maximize the value of its assets: its on-the-road Endurance all-electric

LORDSTOWN, Ohio, May 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors," "LMC" or the "Company"), an original equipment manufacturer ("OEM") of electric vehicles focused on the commercial fleet market, today announced that it will effect a 1:15 reverse stock split (the "Reverse Stock Split") of its Class A common stock, $0.0001 par value per share (the "Class A common stock"), that will become effective at 12:01 a.m. Eastern Time on May 24, 2023 (the "Effective Time"). Lordstown Motors' Class A common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market ("Nasdaq"), under its existing symbol, "RIDE", when the market opens

LORDSTOWN, Ohio, April 18, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or the "Company"), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, and Amerit Fleet Solutions ("Amerit"), a provider of customized fleet maintenance and repair programs nationwide, announced today that it has entered into an agreement for Amerit to provide service and maintenance to Lordstown's commercial fleet customers. The Lordstown Endurance™ began commercial production at the Foxconn EV Ohio assembly plant in Q3 2022. Sales started in Q4 2022. Production and deliveries resumed in April 2023 after a pause earli

LORDSTOWN, Ohio, March 08, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), an original equipment manufacturer of electric light duty vehicles focused on the commercial fleet market, will be in Booth #6009 at the March 7-10 Work Truck Week in Indianapolis. The EV innovator is bringing the Lordstown Endurance™ full size all-electric pickup onsite at the Work Truck Week show at the Indiana Convention Center. The Lordstown Endurance™ began commercial production at the Foxconn EV Ohio assembly plant in Q3 2022 with initial sales in Q4 2022. In addition to the Lordstown Motors Corp. booth #6009, the Endurance™ will also be displayed in two additional areas: Booth #801 with JB Po

LORDSTOWN, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today released its fourth quarter and fiscal year 2022 financial results and provided a business update. Fourth Quarter and Recent Business Highlights Foxconn Investment of up to $170 million, subject to certain conditions; initial $52 million fundedProgressed pre-development work on the new program in collaboration with Foxconn EV EcosystemStart of commercial sales of the EnduranceTM, an electric full-size pickup truckSupplier quality and performance issues have limited production and

LORDSTOWN, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors," "LMC" or the "Company"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its fiscal year 2022 financial results before market open on Monday, March 6, 2023. The Company will then host a conference call at 8:30 a.m. Eastern Time. Lordstown Motors Corp. also announced today that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January. The te

LORDSTOWN, Ohio, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or the "Company"), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today announced that the Lordstown Endurance™ full-size battery-electric pickup truck will be at CES in the Mobility in Harmony (MIH) Consortium Booth in the West Hall Booth 5274. The light-duty truck, a finalist for the North American Truck of the Year competition, began commercial production at the Foxconn EV Ohio assembly plant in Q3. Sales started earlier this quarter. "We are very excited to display our recently launched Endurance™ full-siz

LORDSTOWN, Ohio, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or the "Company"), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today announced: Lordstown EnduranceTM full-size battery-electric pickup truck has achieved full homologation, a key condition to start salesEPA and CARB certification has been receivedFMVSS crash and non-crash testing successfully completedFirst customer vehicles leaving the Foxconn EV Ohio plant for deliveryEnduranceTM advanced to finalist in the North American Truck of the Year competition Executive Commentary Lordstown Motors is pleased to anno