Taxpayer-Funded EV Company Abandons IPO It Thought Would Save It: ‘Failing British electric vehicle comp. pretended to become American in order to save its U.K. investors’
Smith Electric Vehicles, recipient of $32 million in taxpayer stimulus...has scrapped its planned initial public offering that it hoped would save it' -- Company 'had reportedly fantasized it would raise $76 million (down from $125 million) via an IPO by selling roughly 4 ½ million shares at $16 to $18 each'
