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Lordstown “has continually attempted to mislead the public, and continues to be unwilling to accomplish the financial commitment arrangement between The 2 get-togethers in accordance with its conditions,” Foxconn explanation mentioned.
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In March, when Lordstown’s stock fell under the $one minimum expected for a Nasdaq listing, Foxconn knowledgeable the corporation that it absolutely was backing out of ideas to take a position in it additional.