CFIUS and LMC | Can the sale & Lordstown Deal be shut down? | Could FOXCONN demand repayment? #MXUX
Channel: m xux
Date: 2021-11-23

CFIUS is an obscure evaluation done by US government entities on purchases by foreigners of US property - it has the power to change terms pf sale - or even cancel a sale if it wants.  The Q10 form on the Lordstown Motors plant sale has a clause stating that FOXCONN will get a full refund with interest from LMC if CFIUS cancels the deal. This could potentially end LMC as a public company. Is this clause just boilerplate?  Hard to know the intentions here. Is there a basis for CFIUS to cancel the Lordstown Plant Sale - this video explores the topic.

Thanx for watching - MXUX
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Note: Any expert comments on this topic? Please do...