Hydrogen Fuel Company eCombustible in Talks for $1B SPAC Deal

Yunhong International, a Wuhan, China-based SPAC, will dissolve after not reaching a deal before its deadline.

Lordstown has yet to answer any of the complaints in court.

While some investors will fly under the radar and try to quietly hold these “bet to fail” positions, others actively seek to talk down the price of the securities that they are shorting by publicizing research reports.

The deal with Digital World Acquisition could provide him with a potential financial lifeline at a time when he must come up with the cash to pay a $454 million penalty following a New York judge’s ruling in a civil fraud case involving his real estate empire.