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Lordstown Motors Corp. (NASDAQ: RIDE) backtracked on statements by its president that the startup has confirmed orders for its Endurance commercial electric pickup truck, telling the Securities and Exchange Commission (SEC) the orders are solid but not bankable. The reversal of comments by President Rich Schmidt on Tuesday came in the form of an 8-K filing with the SEC, which is already investigating earlier claims of allegedly inflated orders that contributed to the ouster of founder and CEO Steve Burns on Monday.
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