Lordstown Motors Flags Crisis With ‘Going Concern’ Warning (1)

Lordstown Motors Inc., an electric-vehicle startup that recently went public, may not have enough cash to get its debut pickup truck to market and might not survive the next 12 months if it can’t raise more more capital.

“The company believes that its current level of cash and cash equivalents are not sufficient” to complete the development of its electric vehicles and launch the Endurance pickup, Lordstown said in the filing Tuesday.

Lordstown is one of dozens of startups that have gone public in the past 18 months by merging with so-called blank check companies, known as special purpose ...