Lordstown Motors receives $400 mln investment from hedge fund

Reuters2021-07-26

July 26 (Reuters) - Lordstown Motors Corp(RIDE.O)said on Monday it received a $400 million equity investment from hedge fund YA II PN Ltd, at a time when the electric-truck maker is under regulatory scrutiny related to its SPAC merger and vehicle pre-orders.

According to a regulatoryfiling, Mountainside, New Jersey-based fund YA, managed by investment management services provider Yorkville Advisors Global LP, has agreed not to engage in any short sales or hedging transactions on Lordstown stock.

Yorkville Advisors Global did not immediately respond to a Reuters' request for comment.

The company's shares were up 4.3% at $7.8, and are on track to snap a three-day streak of losses.

Lordstown said last week federal prosecutors in Manhattan were investigating its vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Maximus88
2021-07-26
Maximus88
Uhoh
Adrienc
2021-07-26
Adrienc
Nice
- stormlee:
  Comment & like pls
wintomoon
2021-07-26
wintomoon
Wow
- stormlee:
  Comment & like pls
CHanzhong
2021-07-26
CHanzhong
Cool
- vcvcbc:
  J
- CokePepsi:
  Ya
- Zonnie:
  Yep interesting
DiamondsHand
2021-07-26
DiamondsHand
sus
- Jems:
  haa
Alvinlimsg
2021-07-26
Alvinlimsg
Hi
- Alvinlimsg:
  Hi

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143156640?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-26 22:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143156640","market":"us","top_or_hot":-1,"title":"Lordstown Motors receives $400 mln investment from hedge fund","media":"Reuters","content":"<p>July 26 (Reuters) - Lordstown Motors Corp(RIDE.O)said on Monday it received a $400 million equity investment from hedge fund YA II PN Ltd, at a time when the electric-truck maker is under regulatory scrutiny related to its SPAC merger and vehicle pre-orders.</p>\n<p>According to a regulatoryfiling, Mountainside, New Jersey-based fund YA, managed by investment management services provider Yorkville Advisors Global LP, has agreed not to engage in any short sales or hedging transactions on Lordstown stock.</p>\n<p>Yorkville Advisors Global did not immediately respond to a Reuters' request for comment.</p>\n<p>The company's shares were up 4.3% at $7.8, and are on track to snap a three-day streak of losses.</p>\n<p>Lordstown said last week federal prosecutors in Manhattan were investigating its vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings.</p>\n<p><img src=\"https://static.tigerbbs.com/647b43181c74fd35ee0017a484a51311\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lordstown Motors receives $400 mln investment from hedge fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown Motors receives $400 mln investment from hedge fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-26 22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 26 (Reuters) - Lordstown Motors Corp(RIDE.O)said on Monday it received a $400 million equity investment from hedge fund YA II PN Ltd, at a time when the electric-truck maker is under regulatory scrutiny related to its SPAC merger and vehicle pre-orders.</p>\n<p>According to a regulatoryfiling, Mountainside, New Jersey-based fund YA, managed by investment management services provider Yorkville Advisors Global LP, has agreed not to engage in any short sales or hedging transactions on Lordstown stock.</p>\n<p>Yorkville Advisors Global did not immediately respond to a Reuters' request for comment.</p>\n<p>The company's shares were up 4.3% at $7.8, and are on track to snap a three-day streak of losses.</p>\n<p>Lordstown said last week federal prosecutors in Manhattan were investigating its vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings.</p>\n<p><img src=\"https://static.tigerbbs.com/647b43181c74fd35ee0017a484a51311\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":null,"article_id":"1143156640","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143156640","pubTimestamp":1627308345,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"July 26 (Reuters) - Lordstown Motors Corp(RIDE.O)said on Monday it received a $400 million equity in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Lordstown Motors获得对冲基金400美元的投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIDE":0.9},"content_text":"July 26 (Reuters) - Lordstown Motors Corp(RIDE.O)said on Monday it received a $400 million equity investment from hedge fund YA II PN Ltd, at a time when the electric-truck maker is under regulatory scrutiny related to its SPAC merger and vehicle pre-orders.\nAccording to a regulatoryfiling, Mountainside, New Jersey-based fund YA, managed by investment management services provider Yorkville Advisors Global LP, has agreed not to engage in any short sales or hedging transactions on Lordstown stock.\nYorkville Advisors Global did not immediately respond to a Reuters' request for comment.\nThe company's shares were up 4.3% at $7.8, and are on track to snap a three-day streak of losses.\nLordstown said last week federal prosecutors in Manhattan were investigating its vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":800415227,"gmtCreate":1627312055269,"gmtModify":1703487458046,"author":{"id":"3580265488164620","authorId":"3580265488164620","name":"Maximus88","avatar":"https://static.tigerbbs.com/86d19effbbdd9cc5898210cf7c326349","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3580265488164620","authorIdStr":"3580265488164620"},"htmlText":"Uhoh","listText":"Uhoh","text":"Uhoh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800415227","repostId":1143156640,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800555693,"gmtCreate":1627309468612,"gmtModify":1703487372508,"author":{"id":"4089243451507060","authorId":"4089243451507060","name":"Adrienc","avatar":"https://static.tigerbbs.com/65f31b08b16838850b54310a2e2f6b96","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089243451507060","authorIdStr":"4089243451507060"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800555693","repostId":1143156640,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5336591,"gmtCreate":1627310381527,"gmtModify":1635220990226,"authorId":3571959390768435,"author":{"id":3571959390768435,"idStr":"3571959390768435","authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800555693,"type":1,"supId":0,"prevId":0,"content":"Comment &amp; like pls","text":"Comment &amp; like pls","html":"Comment &amp; like pls"}],"langContent":"EN"},{"id":800556496,"gmtCreate":1627309411015,"gmtModify":1703487370034,"author":{"id":"4089511636620760","authorId":"4089511636620760","name":"wintomoon","avatar":"https://static.tigerbbs.com/ae37c5a6c50ab9921f20d4efbd4b6710","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"4089511636620760","authorIdStr":"4089511636620760"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800556496","repostId":1143156640,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5336595,"gmtCreate":1627310388277,"gmtModify":1663231526238,"authorId":3571959390768435,"author":{"id":3571959390768435,"idStr":"3571959390768435","authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800556496,"type":1,"supId":0,"prevId":0,"content":"Comment &amp; like <u>pls</u>","text":"Comment &amp; like <u>pls</u>","html":"Comment &amp; like <u>pls</u>"}],"langContent":"EN"},{"id":800567835,"gmtCreate":1627308965227,"gmtModify":1703487345646,"author":{"id":"3581983907375620","authorId":"3581983907375620","name":"CHanzhong","avatar":"https://static.tigerbbs.com/e5d4de2fa337d285889b33cba3bb8ea1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581983907375620","authorIdStr":"3581983907375620"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/800567835","repostId":1143156640,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5336323,"gmtCreate":1627309347896,"gmtModify":1663231524444,"authorId":3583897064119156,"author":{"id":3583897064119156,"idStr":"3583897064119156","authorId":3583897064119156,"name":"vcvcbc","avatar":"https://static.tigerbbs.com/90dcd0f544e6b3d9d7fbe65dbe16a0d3","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800567835,"type":1,"supId":0,"prevId":0,"content":"J","text":"J","html":"J"},{"id":5336215,"gmtCreate":1627309060735,"gmtModify":1631889958547,"authorId":3578562735972428,"author":{"id":3578562735972428,"idStr":"3578562735972428","authorId":3578562735972428,"name":"CokePepsi","avatar":"https://community-static.tradeup.com/news/bd6ff01c131455d665669a98e034ffce","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800567835,"type":1,"supId":0,"prevId":0,"content":"Ya","text":"Ya","html":"Ya"},{"id":5336213,"gmtCreate":1627309057303,"gmtModify":1631889958531,"authorId":3585455554292860,"author":{"id":3585455554292860,"idStr":"3585455554292860","authorId":3585455554292860,"name":"Zonnie","avatar":"https://static.tigerbbs.com/850c647c6ffdea3dc79fa7a87b26681b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800567835,"type":1,"supId":0,"prevId":0,"content":"Yep interesting","text":"Yep interesting","html":"Yep interesting"}],"langContent":"EN"},{"id":800586945,"gmtCreate":1627308560487,"gmtModify":1703487324676,"author":{"id":"3578113539215777","authorId":"3578113539215777","name":"DiamondsHand","avatar":"https://static.tigerbbs.com/bbb5d1bf66dee2f5259e3d141daff82e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578113539215777","authorIdStr":"3578113539215777"},"htmlText":"sus","listText":"sus","text":"sus","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800586945","repostId":1143156640,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5336147,"gmtCreate":1627308897004,"gmtModify":1663231521040,"authorId":3570400002121413,"author":{"id":3570400002121413,"idStr":"3570400002121413","authorId":3570400002121413,"name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800586945,"type":1,"supId":0,"prevId":0,"content":"<u>haa</u>","text":"<u>haa</u>","html":"<u>haa</u>"}],"langContent":"EN"},{"id":800581851,"gmtCreate":1627308501973,"gmtModify":1703487322706,"author":{"id":"3578802764506490","authorId":"3578802764506490","name":"Alvinlimsg","avatar":"https://static.tigerbbs.com/da35fe6140e90255fcfc90ff4acbfeb7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":12,"crmLevelSwitch":1,"idStr":"3578802764506490","authorIdStr":"3578802764506490"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800581851","repostId":1143156640,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5336028,"gmtCreate":1627308515153,"gmtModify":1635221020269,"authorId":3578802764506490,"author":{"id":3578802764506490,"idStr":"3578802764506490","authorId":3578802764506490,"name":"Alvinlimsg","avatar":"https://static.tigerbbs.com/da35fe6140e90255fcfc90ff4acbfeb7","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800581851,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":77,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143156640","isCrawlerRequest":true}