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Lordstown Motors receives $400 million investment from hedge fund Detroit  Lordstown Motors Corp. has received a $400 million equity investment from a New Jersey-based hedge fund to help the startup launch and accelerate production of its Endurance electric truck in September.  The Ohio-based startup and YA II PN Ltd., a fund managed by New Jersey-based Yorkville Advisors Global LP, formed an equity purchase agreement on July 23 in which YA agreed to purchase up to $400 million of Lordstown s Class A common stock with the price equaling or exceeding $7.48 per share, according to a filing Monday with the Securities and Exchange Commission.  Lordstown s stock jumped 10% after the announcement, but then declined throughout the trading session and closed down 2.5% at $7.29 per share. The investment comes after months of struggle for the startup, which told the SEC last month it might not survive the next year without additional funding. Lordstown is one of several aut

New yorkUnited statesErik gordonEdward schinikSteve burnsKalea hallMark angeloTechnology vehicles manufacturing loan programFord motor coRivian automotive incUniversity of michigan ross school businessGm lordstown assemblyUs department of energyExchange commissionLordstown motors corpDiamondpeak holdings corp