Lordstown Motors shares rose nearly 12% in premarket trading

Tiger Newspress2021-11-11

Lordstown Motors shares rose nearly 12% in premarket trading.Lordstown Motors Corp said on Wednesday that Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.

Foxconn acquired the shares at $6.8983 apiece, Lordstown said.

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