Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million
The Truth About Cars
OCTOBER 18, 2023
Bankruptcy Court to sell its remaining manufacturing assets to a company owned by its founder and former CEO Stephen Burns for roughly $10 million. Burns eventually sold off his remaining equity in the company. that inflated Lordstown Motors’ valuation in October 2020, Burns owned about 25 percent of the company stock.
Let's personalize your content