LORDSTOWN, Ohio (WKBN) – Workhorse announced it’s selling a big portion of its interest in Lordstown Motors Corp.
Workhorse is the Cincinnati-based electric vehicle company out of which Lordstown Motors was created.
Workhorse is now saying it’s sold 12 million shares of LMC stock, or roughly three-quarters of its stake.
This comes after Workhorse announced a $52 million second quarter loss.
Shares of Lordstown Motors stock closed at $5.97 Monday. That’s actually up about 4 cents a share.