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May 23, 2023, 11:44 am198 pts
TechCrunch
Lordstown Motors will issue a reverse stock split, a last-ditch move meant to pull the EV automaker out of the penny stock doldrums and salvage a deal with Taiwanese manufacturer Foxconn. The stock fell about 3.7% to $0.28 a share following the announcement. Lordstown’s board approved a 1:15 reverse stock…
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