EV maker Lordstown Motors plans IPO, merging with blank check firm

Lordstown Motors said it expects to receive about $675 million of gross proceeds from the deal and will use the funds for the production of its news Endurance electric truck, which has secured $1.4 billion worth of pre-orders.

source https://www.autonews.com/manufacturing/ev-maker-lordstown-motors-plans-ipo-merging-blank-check-firm