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Friday, January 26, 2024 9:06:09 AM
1. What will happen to the stock I own?
This will be determined in the course of the Chapter 11 proceedings. However, we will seek
to maximize value to all stakeholders, including our shareholders.
2. Will the Company be delisted/stop trading publicly? If so, when?
On June 28, 2023, the Company received notice from the Listing Qualifications Department
of the Nasdaq Stock Market LLC (“NASDAQ”) that, as a result of the Chapter 11
proceedings and as is customary under such circumstances, Nasdaq determined that the
Company’s common stock would be delisted. On July 7, 2023, NASDAQ suspended trading
in the Company’s common stock. As a result of the suspension and delisting, the Company’s
common stock began trading exclusively on the over-the-counter market under the symbol
RIDEQ.
3. Can equity holders expect recovery in a sale process?
What will happen to the stock that you own will be determined in the course of the
proceedings. However, we will seek to maximize value for all stakeholders, including our
shareholders.
4. Can I sell my stock now? Should I?
Please contact your investment advisor or brokerage firm to discuss the options available to
you.
https://www.kccllc.net/lordstown/document/8873000230626000000000002
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