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Re: KMC-1 post# 3613

Tuesday, 05/17/2022 9:42:51 AM

Tuesday, May 17, 2022 9:42:51 AM

Post# of 8114

On May 17, 2022, pursuant to the previously disclosed Equity Purchase Agreement (the “Equity Purchase Agreement”) dated July 23, 2021 between Lordstown Motors Corp. (the “Company”) and YA II PN, LTD. (“YA”), the Company sold 4,552,491 shares of its Class A common stock to YA for approximately $2.1965 per share, or $10.0 million in total consideration. The proceeds will be used by the Company to fund production of its flagship vehicle, the Endurance, a full-size, all-electric pickup truck. The Company may cause YA to purchase additional shares under the Equity Purchase Agreement from time to time, subject to the satisfaction or waiver of the conditions and limitations set forth in the Equity Purchase Agreement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is May 17, 2022.



https://ih.advfn.com/stock-market/NASDAQ/lordstown-motors-RIDE/stock-news/88132473/prospectus-filed-pursuant-to-rule-424b3-424b3