The US securities regulator has asked Lucid Group Inc. for documents related to an investigation into its blank-check deal, joining a growing list of companies that have come under scrutiny for their merger with shell companies. Shares of the luxury electric-car maker fell about 14 percent in pre-market trading on Monday after disclosing that it had received a subpoena from
A ram looks for water after a day of chasing ewes. | Bill Schiess, EastIdahoNews.com “Have you seen the herd of bighorns up by Lone Pine,” a neighbor called to ask me a couple of weeks ago. “The rams are chasing the ewes all over a hay field and there are about six large rams […]
Taiwan s Foxconn has deal to buy former GM plant in Ohio - Electronic Products & Technology ept.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ept.ca Daily Mail and Mail on Sunday newspapers.
Electric truck maker Lordstown warns of going concern risk; shares tank Ankit Ajmera and Ben Klayman reporting for Reuters reported that U.S. electric truck maker Lordstown Motors Corp said on Tuesday there was “substantial doubt” about its ability to continue as a going concern in the next year because of problems funding the production of its vehicle, causing its shares to plummet. Lordstown, which went public last year through a reverse merger with a special-purpose acquisition company (SPAC), has struggled with the launch of its Endurance pickup truck.