Lordstown Motors Bankruptcy: Foxconn previously invested about USD 52.7 million in Lordstown as part of the agreement, and currently holds a roughly 8.4% ownership stake in the EV maker. Lordstown contends Foxconn is balking at purchasing additional shares of its stock as promised, and misled the EV maker about collaborating on vehicle development plans.
Lordstown accuses Foxconn of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million in the U.S. company.
DiamondPeak Holdings Corp. (OTCMKTS:DPHCU – Get Rating)’s stock price was down 13.7% on Monday . The stock traded as low as $19.76 and last traded at $20.45. Approximately 65,400 shares changed hands during trading, an increase of 32% from the average daily volume of 49,678 shares. The stock had previously closed at $23.69. DiamondPeak Price […]
DiamondPeak Holdings Corp. (OTCMKTS:DPHCU – Get Rating) dropped 13.7% during trading on Monday . The company traded as low as $19.76 and last traded at $20.45. Approximately 65,400 shares were traded during trading, an increase of 32% from the average daily volume of 49,678 shares. The stock had previously closed at $23.69. DiamondPeak Stock Down […]
DiamondPeak Holdings Corp. (OTCMKTS:DPHCU – Get Rating) traded down 13.7% during trading on Monday . The company traded as low as $19.76 and last traded at $20.45. 65,400 shares were traded during trading, an increase of 32% from the average session volume of 49,678 shares. The stock had previously closed at $23.69. DiamondPeak Stock Performance […]