SPY417.26+1.39 0.33%
DIA341.86+1.53 0.45%
IXIC14,052.34+13.58 0.10%

Lordstown Motors cooperating with SEC inquiry regarding shortseller's report

· 03/17/2021 16:41
Lordstown Motors cooperating with SEC inquiry regarding shortseller's report

- Lordstown Motors Corp RIDE.O on Wednesday said it has received a request for information from the U.S. Securities and Exchange Commission regarding a report by shortseller Hindenburg Research, and said it is cooperating with the SEC inquiry.

The Ohio-based electric pickup truck startup said its board of directors has formed a special committee to review the matter.


(Reporting by Hyunjoo Jin; Editing by Leslie Adler)

((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))