Sep. 11 at 4:26 PM
$BENF
VinFast Auto (VFS): In late 2023, VinFast entered a Standby Equity Purchase Agreement with Yorkville allowing the issuance of up to
$1 billion in shares. The deal drew intense scrutiny from retail short-sellers who accused the arrangement of fueling a massive, volatile cycle of trading.
)Mullen Automotive (MULN): A retail favorite that entered into multiple financing agreements with Yorkville. The heavy share dilution resulting from these convertible note structures led to a drastic erosion of shareholder value, sparking accusations of "pump and dump" mechanics among retail message boards.
Lordstown Motors (RIDE / RIDEQ): Entered into a
$400 million equity purchase agreement with Yorkville in 2021 before the electric vehicle startup eventually collapsed into bankruptcy.
