Court Opinion

ID: 9368319
Source: CourtListenerOpinion
Date Created: 2023-02-03 18:02:38.033568+00
Date Added: 2024-06-11T17:16:06.932561
License: Public Domain

COURT OF CHANCERY
                                  OF THE
                            STATE OF DELAWARE
  LORI W. WILL                                             LEONARD L. WILLIAMS JUSTICE CENTER
VICE CHANCELLOR                                               500 N. KING STREET, SUITE 11400
                                                             WILMINGTON, DELAWARE 19801-3734

                                   February 3, 2023

Raymond J. DiCamillo, Esquire
Kevin M. Gallagher, Esquire
Alexander M. Krischik, Esquire
Edmond S. Kim, Esquire
Nicholas F. Mastria, Esquire
Richards, Layton & Finger, P.A.
One Rodney Square
920 North King Street, Suite 200
Wilmington, Delaware 19801

       RE:    In re Lordstown Motors Corp.,
              C.A. No. 2023-0083-LWW

Dear Counsel,

       This letter memorializes the court’s February 2, 2023 oral ruling on the

Motion for Expedited Proceedings (the “Motion”) filed by petitioner Lordstown

Motors Corp. (the “Company”). The Motion is granted for the reasons explained

in that oral ruling.

       The court will hold a hearing on the Company’s request for relief pursuant to

8 Del. C. § 205 (the “Petition”) at 11:00 a.m. on February 20, 2023 at the Leonard

L. Williams Justice Center in Wilmington, Delaware. The Company shall file a

Form 8-K providing notice of the hearing to its stockholders no fewer than 10 days
C.A. No. 2023-0083-LWW
February 3, 2023
Page 2 of 2

before February 20. That Form 8-K shall: attach the Petition or (if the Company

prefers to post the Petition on its website rather than attaching it to the Form 8-K)

provide a website address to the location of the Petition; describe the relief sought

in the Petition; inform stockholders of the time, date, and location of the hearing on

the Petition; and explain how stockholders can appear and be heard at or in

advance of the hearing.

      To the extent the foregoing requires an order to take effect, IT IS SO

ORDERED.

                                       Sincerely yours,

                                       /s/ Lori W. Will

                                       Lori W. Will
                                       Vice Chancellor