Foxconn finalizes $50 mln stock deal with Lordstown Motors - NewsBreak

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By Martin in Business
Updated 2 years ago

Nov 10 (Reuters) - Lordstown Motors Corp said on Wednesday that Taiwan's Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September. Foxconn acquired the shares at $6.8983 apiece, Lordstown said. The stock, which had closed at $5.56 in regular...

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