Electric vehicle start-up Lordstown Motors on the verge of bankruptcy, new SEC filing reveals

Electric vehicle start-up Lordstown Motors – which has promised to launch its Endurance pick-up in late 2021 – is teetering on the edge of bankruptcy, a 10-K/A form filed with the United States Securities and Exchange Commission (SEC) overnight has revealed. “We require additional capital to implement our business plan, and it may not be available on acceptable terms – if at all – creating substantial doubt as to our ability to continue as a going concern,” the company said in the report.