Lordstown Motors Sets Meeting to Increase Common Stock

LORDSTOWN, Ohio – Lordstown Motors Corp. has scheduled a special meeting of stockholders for Aug. 17, the company announced late Wednesday.

The meeting will consider and vote on a proposal to amend the company’s certificate of incorporation and increase the number of authorized Class A common stock from 300,000,000 to 450,000,000, the company said. It will also transact “any other business as may properly come before the special meeting,” a regulatory filing said.

The meeting will take place at 2 p.m. at the offices of Baker & Hostetler LLP, in Cleveland.

Only stockholders as of the record date, June 30, 2022, or their duly appointed proxies, may attend the special meeting, the notice said. Those holding shares through a broker, bank or other intermediary or nominee, will need to bring a copy of a brokerage statement reflecting ownership of shares of Class A common stock as of the record date to attend and a legal proxy if you wish to vote.

Lordstown Motors stock, which trades under the ticker RIDE, closed at $1.67 per share on Wednesday, up 1.83% from the previous day’s close.

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