Lordstown Motors (RIDE) releases business updates

Lordstown Motors (RIDE) released updates on commercial, operational, and strategic developments; as a highlight among those updates, co indicated that it remains on track to begin production of its full-size, all-electric pickup truck, the Lordstown Endurance, in September 2021, with full production ramping through 2022. Co has received approx. 50,000 non-binding production reservations from commercial fleets for the Lordstown Endurance.

Lordstown Motors (RIDE) began trading on the Nasdaq on Mon 26 Oct 20

• DiamondPeak Holdings Corp. (DPHC) completed business combination with Lordstown Motors. The business combination was approved by DPHC stockholders in a special meeting held on October 22.
• Beginning on October 26, Lordstown Motors' Class A shares trade on the Nasdaq Global Select market under the ticker symbol "RIDE".
• Lordstown Motors, which unveiled the prototype of its flagship Endurance pickup truck in June 2020, remains on pace to commence commercial production in the second half of 2021 at its plant in Lordstown, Ohio.