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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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Lordstown Motors
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Lordstown Motors Names Adam Kroll as CFO
The electric vehicle company’s previous CFO stepped down following an investigation that found it disclosed inaccurate information about truck preorders.
By
Lauren Muskett
| October 13, 2021
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Human Capital & Careers
Lordstown Motors Overhauls Management; CEO, CFO to Step Down
The C-suite shakeup comes a week after the electric vehicle pickup truck maker issued a "going concern" warning.
By
Lauren Muskett
| June 14, 2021
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Working Capital
Lordstown Motors May Run Out of Gas
The electric vehicle pickup truck maker issued a "going concern" warning, disclosing it didn't have the funds to start commercial production.
By
Vincent Ryan
| June 8, 2021
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Regulation
Two More SPACs to Restate Financial Results
The restatements follow new SEC guidance on how SPACs should account for the warrants that they typically issue as part of initial public offerings.
By
Matthew Heller
| May 14, 2021
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M&A
Lordstown Motors Responds to Short Seller
A Hindenburg Research report alleged that the truckmaker's product orders "appear largely fictitious and [are] used as a prop to raise capital."
By
Vincent Ryan
| March 12, 2021
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Tax
GM Ordered to Repay Ohio $28M In Tax Credits
GM shut down its Lordstown, Ohio, plant last year, despite an agreement to keep it active until 2037.
By
Vincent Ryan
| September 29, 2020
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M&A
Lordstown Motors to List Shares Through SPAC
The electric pickup truck maker joins a growing number of companies that have gone public through mergers with special purpose acquisition companies.
By
Vincent Ryan
| August 4, 2020
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