Lordstown Motors turns to a reverse stock split to save Foxconn deal
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 split during its shareholder meeting […]
Lordstown Motors turns to a reverse stock split to save Foxconn deal by Kirsten Korosec originally published on TechCrunch