Fitting with its now-delisted stock symbol ticker $RIDE, Lordstown Motors Corp. has been in for a rough ride. After building a mere three trucks in 2022, Lordstown's fate was quickly encroaching. In June 2023, Lordstown Motors filed for Chapter 11 bankruptcy. Following its bankruptcy, the EV pickup manufacturer had to pay Karma Automotive $40 million thanks to a lawsuit regarding stolen intellectual property. From there, Lordstown has gone relatively silent.
Burns, an individual, as guarantor of certain obligations of LAS Capital under the Asset Purchase Agreement.' The document also mentioned Rodriguez, 'Additionally, Mr. Julio Rodriguez, whom the Selling Entities understand is one of the indirect managers of LAS Capital, was the former Chief Financial Officer of the Company.' LAS Capital's primary shareholder is Steve Burns. The capital firm focuses on EV technology firms.