Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN LORDSTOWN MOTORS CORP. (???LMC???)

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INVESTMENT IN LORDSTOWN MOTORS CORP. (“LMC”)
9 Months Ended
Sep. 30, 2021
Investments, All Other Investments [Abstract]  
INVESTMENT IN LORDSTOWN MOTORS CORP. (“LMC”) INVESTMENT IN LORDSTOWN MOTORS CORP. (“LMC”)
During the third quarter of 2021, the Company sold its Investment in LMC at an average price of $6.42 per share. Proceeds from the sale, net of transaction expenses and broker commissions, were approximately $105.1 million. During the three months ended September 30, 2021, the Company recognized a loss of approximately $76.5 million in connection with the sale, which is recorded in Other Loss on the Condensed Consolidated Statements of Operations.

See Note 13, Fair Value Measurements, for additional information regarding the fair value measurement of the Investment in LMC.