LandX Motors acquired specified Lordstown electric-vehicle assets in the transaction that closed October 27, 2023.
Lordstown’s closing filing identifies LandX as an affiliate and assignee of LAS Capital. The approximately $10.2 million cash transaction also included specified assumed liabilities. This profile does not imply that LandX acquired the continuing public issuer.
Lordstown Motors raised hundreds of millions of dollars around an electric pickup and an Ohio factory. Disputed demand claims, production delays and a failed manufacturing partnership led to bankruptcy and separate securities settlements.
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