Two years into the SPAC merger boom for electric-vehicle startups, companies are having a tough time finding cash to actually produce cars. First Lordstown Motors Corp. said it would back off investing in the tools to build its electric trucks until capital markets loosen up. Two days later, EV Startup Canoo Inc. issued a Going Concern notice to alert investors warning that it could run out of cash. Without more money, some face the real danger of not making it. Those that can raise money could end up paying a lot more for it or just not getting as much as they need. “The story has changed,” said Bloomberg ... (full story)