Lordstown Shareholder Alert

Newsfile Corp.

Sun, Mar 14, 2021, 6:48 AM 2 min read

If you suffered losses exceeding $50,000 investing in Lordstown stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/RIDE.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

On March 12, 2021, Hindenburg Research released a report titled "The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno" (the "Report"), which stated, among other things, that Lordstown "is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities."

The Report further stated that based on "conversations with former employees, business partners and an extensive document review", Lordstown's book of 100,000 pre-orders for its proposed EV truck "are largely fictitious and used as a prop to raise capital and confer legitimacy."

On this news, Lordstown stock fell over 15% during intraday trading.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.