U.S. Securities and Exchange Commission

Reports: Justice Department investigating Lordstown Motors

The Justice Department is probing financially troubled Lordstown Motors Corp., according to several media reports Friday.

It is the latest blow to the company that plans to begin building battery-powered commercial pickup trucks this fall at a former General Motors plant in the northeast Ohio town from which it took its name and where GM built cars for 54 years.

Lordstown Motors (NASDAQ: RIDE), which began public trading last October following a merger with special purpose acquisition company...

https://www.freightwaves.com/news/reports-justice-department-investigating-lordstown-motors

Diana -C Transport Inks Time Charter Contract

Diana Shipping has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Boston says a press release published in their company’s website.

The Company was reasonable when made because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these...

https://mfame.guru/diana-c-transport-inks-time-charter-contract/

Global Ship Lease To Add 12 Boxships To Its Fleet

Global Ship Lease, Inc. announced its agreement to purchase 12 containerships from Borealis Finance LLC with an average size of approximately 3,000 TEU, says a press release published in Global News Wire website. 

About the agreement

Global Ship Lease, Inc.(the “Company” or “Global Ship Lease”) announced that it has agreed to purchase 12 containerships from Borealis Finance LLC with an average size of approximately 3,000 TEU and a weighted average age of 11 years for an aggregate purchase price...

https://mfame.guru/global-ship-lease-to-add-12-boxships-to-its-fleet/

Performance Shipping Inc. Announces Filing of 2020 Annual Report on Form 20-F

Performance Shipping Inc. Announces Filing of 2020 Annual Report on Form 20-F

..

ATHENS, GREECE, March 5, 2021 – Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has filed its 2020 Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The Annual Report on Form 20-F, which contains the Company’s audited consolidated financial...

https://allaboutshipping.co.uk/2021/03/05/performance-shipping-inc-announces-filing-of-2020-annual-report-on-form-20-f/

Diana Shipping Inc. Enters Into Charter Contract With NYK Line

  • The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period until minimum January 25, 2022 up to maximum March 25, 2022.
  • As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS  is approximately 5.0 million dwt with a weighted average age of 10.17 years.
  • The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995
Diana...

https://mfame.guru/diana-shipping-inc-enters-into-charter-contract-with-nyk-line/

Trevor Milton can dump his Nikola stock on Monday — will he?

Nikola Motor Corp. (NASDAQ: NKLA) founder Trevor Milton no longer makes decisions for the startup electric truck maker. But he still wields significant influence. On Monday, he can sell his 91.6 million shares, about a quarter of all outstanding shares. What will he do?

Milton isn’t saying.

If he sells a large portion or all of his shares, the price of the already volatile stock likely would fall. A sudden glut could overwhelm the number of prospective buyers. 

“I can’t comment for Trevor,” Nikola...

https://s29755.pcdn.co/news/trevor-milton-can-dump-nikola-his-stock-on-monday-will-he

Lordstown Motors SPAC vote set amid unique business risks

Shareholders of a blank check company vote Oct. 22 on completing a reverse merger that would provide startup Lordstown Motors Corp. (LMC) twice as much money as it needs to retool a former General Motors plant to build a commercial fleet-focused electric pickup truck.

Diamond Peak Holdings Corp. (NASDAQ: DPHC) raised $780 million in an initial public offering (IPO) and through the sale of discounted shares. The full amount will transfer to LMC if the vote passes as expected. 

Since the proposed...

https://s29755.pcdn.co/news/lordstown-motors-spac-vote-set-amid-business-risks

News analysis: Evidence mounts that Nikola Badger is roadkill

The much-hyped Nikola Badger electric pickup looks like an endangered species. It is absent from the electric truck startup’s road map of milestones, and a delayed manufacturing deal with General Motors (NYSE: GM) points to its demise before a physical prototype is ever revealed.

The Badger was not in Nikola Corp.’s (NASDAQ: NKLA) business plan a year ago. And it isn’t there now. Founder Trevor Milton used it as a buzz-building tool for the company following the reveal of rival Tesla’s...

https://s29755.pcdn.co/news/news-analysis-evidence-mounts-that-nikola-badger-is-roadkill

Milton remains a billionaire but surrenders a lot in Nikola exit

Nikola Corp. (NASDAQ: NKLA) founder Trevor Milton is still a billionaire. But he is giving up a lot in his exit as executive chairman. That includes hundreds of thousands of future stock grants and a two-year, $10 million annual consulting gig that paid more than when he was CEO.

Monday’s announcement by Nikola followed FreightWaves’ report of Milton’s departure. The press release described it as a selfless act for the good of the company. The release did not mention a scathing report by short...

https://www.freightwaves.com/news/milton-remains-a-billionaire-but-surrenders-a-lot-in-nikola-exit

Nikola will truck hydrogen to stations when electricity costs too much

As media coverage dies down on a short seller’s report questioning Nikola Corp.’s integrity,  company executives are making the rounds of analyst events. They are touting the startup electric truck maker’s business case, including new details of its network of hydrogen stations.

Nikola (NASDAQ: NKLA) is silent on whether the U.S. Securities and Exchange Commission (SEC) and the U.S. District Court for the Southern District of New York (SDNY) are investigating allegations in a Sept. 10 Hindenburg...

https://s29755.pcdn.co/news/nikola-will-truck-hydrogen-to-stations-when-electricity-costs-too-much

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