Yorkville Advisors to invest $400m in Lordstown Motors.

Synopsis

Yorkville Advisors, an investment firm, agreed to invest $400m in Lordstown Motors, an American electric vehicle automaker. The capital provides a lifeline to Lordstown, which has struggled in recent months. The hedge fund, which is able to buy the shares at $7.48 a share, could also benefit financially if the stock price rises.

Principals

target

Lordstown Motors Corp

bidder

Yorkville Advisors

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Market Context

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Seller Team (1)

steve burns

Founder and CEO at LORDSTOWN MOTORS CORP

Manager

target

Deals

£ 1.51 B

Total Value

Bidder Team (1)

mark angelo

President at YORKVILLE ADVISORS

Investor

bidder

Deals

£ 1.18 B

Total Value

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