Lordstown Motors (RIDE) Flags Cash Crisis With ‘Going Concern’ Warning

Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market – and might not last as a company in the next 12 months if it can’t raise more more capital.

The disclosure in a regulatory filing Tuesday comes after Chief Executive Officer Steve Burns said during the company’s first-quarter earnings call last month that his company needed to raise more money to fund the Endurance truck model’s development.

“The company’s ability to continue as a going concern is dependent …