- Electric truck company Lordstown Motors Corp (NASDAQ:RIDE) confirmed that the Department of Justice is investigating its 2020 reverse merger deal and preorders for its forthcoming pickup truck, the Endurance, the Wall Street Journal reports.
- The DoJ investigation follows an SEC investigation. The SEC had sent two subpoenas requesting documents and information regarding its Oct. merger deal with publicly traded special-purpose acquisition company (SPAC) DiamondPeak Holdings Corp.
- The SEC also sought data regarding its preorder book for its all-electric pickup truck, which signifies Endurance’s demand potential.
- Already the company has burnt enough cash and is in dire need of capital infusion.
- Price action: RIDE shares traded lower by 2.31% at $8.69 on the last check Friday.
BioDelivery Sciences To Exhibit 3 Scientific Posters Comparing BELBUCA To Oxycodone At PAINWeek 2021 Conference
Risk Stratification of Respiratory Depression With Buprenorphine Buccal Film Versus Oxycodone: Outcomes From a Phase 1 Placebo-Controlled Trial
Authors: Lynn Webster, MD; Jacqueline Cater, PhD; Thomas Smith,
