Lordstown Motors pushes back bid deadline for assets to Sept. 22

By Sarah Lizee

Olympia, Wash., Sep. 19 – Lordstown Motors Corp. pushed back the bid deadline for its assets to 5 p.m. ET on Sept. 22 from 5 p.m. ET on Sept. 18, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

An auction is scheduled for Sept. 27, and a sale hearing is set for Oct 18.

The company hopes to close a sale by Oct. 31.

The Lordstown, Ohio-based electric vehicle maker filed Chapter 11 bankruptcy on June 27 under case number 23-10831.

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