Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.
The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.
Milton 'engaged in a fraudulent scheme to deceive retail investors' for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney's Office in Manhattan.