Announced
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.
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