Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million
The Truth About Cars
OCTOBER 18, 2023
It’s estimated he made roughly $60 million from share sales, which include a large sale made just days before Lordstown filed for Chapter 11.& & He’s now buying what’s left of the company via LAS Capital for $10.2 But he began selling that off in chunks immediately after the lockup period on the IPO expired.
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