LAS Capital LLC was the buyer named in the September 2023 agreement to acquire specified Lordstown electric-vehicle assets.
The purchase agreement was assigned to its affiliate LandX Motors before the October 2023 closing. Stephen S. Burns guaranteed specified LAS Capital obligations. This brief documents that transaction role and makes no unsupported claim about its present operations.
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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