Headline: TechCrunch, 5/1/2023
The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out of a critical funding deal, according to a regulatory filing.
Taiwanese manufacturer Foxconn sent a letter April 21 to Lordstown stating the automaker was in breach of the investment agreement because its stock price fell below $1 for 30 days and was at risk of being delisted on the Nasdaq exchange. Foxconn warned it would terminate the investment agreement if the breach is not resolved within 30 days.
Other Foxconn posts:
2023
2022
2021
GET ME REWRITE: Yes, Foxconn's $100 milion pledge to UW-Madison was nothing more than a cynical election ploy by Scott Walker. (8/11)
The mysteries of Foxconn (season 2). (5/12)
The collapse of Donald Trump's '8th Wonder of the World'. (4/20)
2020
Apparently, that's not what Scott Walker heard. (12/19)
Just wondering what else in this Foxconn op-ed is off the mark. (11/17)
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them. (10/23)
Just wondering what else in this Foxconn op-ed is off the mark. (11/17)
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them. (10/23)
Keeping tabs on Foxconn Place in
Eau ClaireGreen Bay
Madison
Milwau
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